What does the term ‘implied warranty’ refer to?

The term 'implied warranty' refers to an unspoken guarantee about product performance. This type of warranty is automatically assumed to be in place when a product is sold, regardless of whether it is explicitly stated or written down. For example, when you purchase a new appliance, there is an implied warranty that it will work as intended and be suitable for the general purpose for which it is sold.

Implied warranties establish a baseline expectation that the product meets certain standards of quality and reliability, even if the seller has not provided a formal written guarantee. This protection is often in place to safeguard consumer rights, ensuring that consumers receive products that are fit for use and free from defects.

Other options refer to different types of warranties or concepts. A formal written guarantee is a type of express warranty, and warranties found only in advertising are typically promotional and not legally binding. Finally, warranties that can be revoked at any time do not align with the definition of implied warranties, as these warranties are inherently tied to the sale of the product and standard consumer protections.