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implied warranty

n. an assumption at law that products are "merchantable," meaning they work and are useable as normally expected by consumers, unless there is a warning that they are sold "as is" or second-hand without any warranty. A grant deed of real property carries the implied warranty of good title, meaning the grantor (seller) had a title (ownership) to transfer.

See also: caveat emptor  implied 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications