5.4 – Review Questions (PLG1)

Spend quality time responding to the following questions in your own words.

1. Describe warranty requirements and explain the three common types of warranties.
2. If your purchase does not come with a written warranty, is it still covered by an implied warranty? What if the product is marked “as is”? Do all states permit “as is” sales?
3. Describe what product liability means and explain negligence and misrepresentation.
4. Describe strict product liability and company liability. Please provide a company example pertaining to product liability.