Implied warranty

{
  "id": "MLC-T-INS-001776",
  "term": "Implied warranty",
  "field": "Insurance and risk management",
  "definition": "A guarantee that is not explicitly stated but is understood to exist by law or custom, particularly in contracts of sale or insurance. In marine insurance, there is an implied warranty of seaworthiness, meaning the vessel is fit for its intended voyage. Breach of an implied warranty can void coverage or provide grounds for legal action.",
  "url": "https://mlchart.com/terminology/insurance/implied-warranty/"
}