Which of the following warranties are created when a seller or lessor affirms that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition?

The correct answer is: C. Express

An express warranty is a written or oral statement made by the seller or lessor of goods that promises that the goods will meet certain standards of quality, description, performance, or condition. Express warranties can be created by the seller’s or lessor’s words or actions,

or by the seller’s or lessor’s use of a label or other written description of the goods.

An executory contract is a contract in which one or both parties have yet to fulfill their obligations. An executed contract is a contract in which all parties have fulfilled their obligations. An implied warranty is a warranty that is not expressly stated in a contract, but is implied by law.

Here are some examples of express warranties:

• A seller tells a buyer that a car is in good condition.
• A lessor tells a lessee that an apartment is in good condition.
• A label on a product states that the product is “100% cotton.”
• A salesperson tells a customer that a product is “guaranteed to last for five years.”

If a seller or lessor makes an express warranty, and the goods do not meet the standards promised, the buyer or lessee may be able to sue the seller or lessor for breach of warranty.