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Implied warranties are governed by state laws, not federal laws. The two key types of implied warranties are merchantability and fitness.

An implied warranty that the buyer shall have and enjoy quiet possession of the goods; An implied warranty that the goods shall be free from any charge or encumbrance in favor of any third party not declared or known to the buyer before or at the time when the contract is made.

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

ELEMENTS OF A WARRANTY Length of warranty. Description of the products, parts, properties, or characteristics covered by or excluded from the warranty. Steps for customer in the event that warranty coverage comes into play. Warrantor's response when confronted with product/service malfunctions, defects, or failures.

An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer. An implied warranty is different from an express warranty, where the seller has expressly promised by words (i.e. orally or in writing) or conduct (e.g., sample or model).

A warranty of title is a guarantee from the seller that they can legally sell the home and that there are no liens on it. A lien on a home gives someone a legal claim to a portion of a property for money owed.

Expert Answer Warranty deed is the document that provides the security to buyer by the seller that title is good a...