What are the two main types of warranty recognized in consumer law?

The two main types of warranty recognized in consumer law are express and implied warranties. An express warranty is explicitly stated by the seller, either through written or verbal communication, outlining specific guarantees regarding the quality or performance of a product. This can include statements about the product's lifespan, characteristics, or capabilities, which create a binding commitment to the consumer.

On the other hand, an implied warranty is not explicitly stated but is legally understood to exist based on the nature of the transaction or the inherent characteristics of the goods. For instance, an implied warranty of merchantability ensures that a product will perform as expected for its intended use without any defects.

Understanding these two types provides insight into consumer rights and the responsibilities of sellers, forming a critical aspect of consumer protection laws in many jurisdictions. The other options do not accurately represent the foundational distinctions recognized within consumer law regarding warranties.