Meaning Statutory warranty
What does Statutory warranty mean? Here you find 3 meanings of the word Statutory warranty. You can also add a definition of Statutory warranty yourself
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Statutory warrantyis a warranty provided by law. One example is the merchantable quality condition that requires that goods will do the job they are supposed to do. If they don't then the buyer is entitled to return them to the seller to get a refund. Other statutory warranties such as motor vehicle warranties are more specific.
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Statutory warrantyA guarantee required under law that says traders and manufacturers must ensure their products are suitable for the purpose for which they are supplied.
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Statutory warrantyA guarantee required under law that says traders and manufacturers must ensure their products are suitable for the purpose for which they are supplied.
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