Which statement best defines an express warranty in a lease?

Which statement best defines an express warranty in a lease?

• A. Any warranty specified by the lessor
• B. Any warranty specifically made by the lessor
• C. An implied warranty inferred from usage
• D. A warranty required by law

Answer: (B)

In leases, an express warranty is a promise about the leased asset that the lessor makes in the contract itself. That’s why the correct statement is that the warranty is specifically made by the lessor in the lease. Express warranties come from the contract language, not from what usage implies or what law requires. Implied warranties arise from usage, course of dealing, or legal standards and aren’t tied to the exact words of the lease. A warranty required by law is typically an implied or statutory obligation, not an express contract promise. For example, if the lease states that the equipment will operate as described for a defined period, that is an express warranty.

In leases, an express warranty is a promise about the leased asset that the lessor makes in the contract itself. That’s why the correct statement is that the warranty is specifically made by the lessor in the lease. Express warranties come from the contract language, not from what usage implies or what law requires. Implied warranties arise from usage, course of dealing, or legal standards and aren’t tied to the exact words of the lease. A warranty required by law is typically an implied or statutory obligation, not an express contract promise. For example, if the lease states that the equipment will operate as described for a defined period, that is an express warranty.