What are the two types of warranties for commercial products and services?

The two types of warranties for commercial products and services are best identified as implied warranties and express warranties. Implied warranties are those that are automatically in place based on the nature of the transaction, even if they are not stated explicitly. For instance, an implied warranty of merchantability guarantees that a product will function as expected for its intended use.

On the other hand, express warranties are explicitly stated by the seller, often in the form of verbal or written assurances about the quality, condition, or performance of the product or service. These warranties are intentionally outlined to provide buyers with specific expectations regarding the product or service being offered.

This distinction helps clarify the protections available to consumers and businesses in commercial transactions, ensuring that they can rely on certain assurances about their purchases. In contrast, other combinations of warranty types, such as limited warranties or performance warranties, do not capture the foundational categories recognized under commercial law. Thus, the focus on both implied and express warranties accurately reflects the basic framework governing warranties in the context of commercial products and services.