Which type of warranty is often implied through the nature of the transaction?

The correct answer is implied warranty. An implied warranty arises automatically in certain transactions and is based on the nature of the agreement and the expectations of the parties involved. This type of warranty is not explicitly stated but is nonetheless recognized by law to ensure that certain standards of quality and performance are met.

For example, when a consumer purchases goods, there is usually an implied warranty that the goods are fit for their intended purpose. This protects consumers by holding sellers accountable for the quality of their products, even if the seller has not expressly stated any guarantees regarding the goods.

In contrast, an express warranty is clearly articulated in the contract or through verbal statements made by the seller. A limited warranty restricts the scope of coverage, such as specific repairs or timeframes, whereas a full warranty usually offers broader protection that covers repairs or replacements without limitations. Both the express warranty, limited warranty, and full warranty are defined agreements, which do not rely solely on the nature of the transaction as implied warranties do.