In the realm of finance, there is a concept known as implied warranties. These are not explicitly stated in a contract, but rather inferred by the parties involved to be true. Essentially, they are expectations of quality and performance that are assumed to be guaranteed without being explicitly mentioned in the contract. It is important to be aware of these implied warranties as they can have a significant impact on the terms and conditions of a financial agreement. With a thorough understanding of implied warranties, one can make informed decisions when entering into financial contracts.
