What legal term refers to a disclaimer of warranty?

Prepare for the WGU ACCT3350 D216 Business Law Exam. Engage with flashcards and multiple-choice questions, each complete with hints and explanations. Ace your exam!

The term "warranty disclaimer" specifically refers to a statement or provision made by a seller or manufacturer that limits or denies the existence of a warranty on a product or service being sold. This is often included in contracts or sales agreements to clarify that the seller does not guarantee the quality, condition, or performance of the goods beyond what is explicitly stated.

Understanding warranty disclaimers is vital in legal contexts because they help delineate the extent of liability for the seller and protect them from claims that arise after the sale. For example, if a product fails or does not perform as expected, a warranty disclaimer can provide the seller with a defense against warranties the buyer may try to assert.

In contrast to this, "expressed warranty" refers to a clear, explicit guarantee made by the seller about the quality or characteristics of the goods, which is fundamentally different from a disclaimer. "Judgement lien" and "mechanics lien" pertain to secured interests in property related to debts or unpaid work, and while they are relevant legal concepts, they do not relate to warranties or their disclaimers.

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