Sale of Goods - Definitions

consumer

a person buying goods or services for their own use

product liability

legal responsibility of a manufacturer or supplier for any damage, injury or loss caused by their defective product

disclaimer

refusal of rights or liability which might otherwise fall upon the person

merchantability

an implied term concerning the quality of the goods

refund

a repayment of a sum of money

statute of limitation

the law establishing the maximum period of time within which an action must be brought

statute-barred

(especially about a claim) no longer legally enforceable because a prescribed period of limitation has passed

warranty

1) a non-essential contractual term

2) a guarantee given on the performance of a product

purchaser

a person who buys , buyer, vendee

vendor

a person who sells, seller

express terms

contractual terms which are clearly stated by the parties

implied terms

contractual terms which are not expressly stated

baker's dozen

13 of something

aggrieved party

injured party, party harmed

to seek damages

to ask for monetary compensation

(time is) of essence

time is very important/vital

liability for loss

legal responsibility for causing harm/injury/damage

condition

an essential contractual term

terms

agreed requirements of a contract, e.g. a price, specification of goods, ...