warranty

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Warranty

A guarantee by a seller to a buyer that if a product requires repair or remedy of a problem within a certain period after its purchase, the seller will repair the problem at no cost to the buyer.

Warranty

A guarantee that the manufacturer of a product will repair damage or defects for free for a certain period of time. For example, a computer often comes with a warranty for a year. If the computer breaks in the first year of ownership, the manufacturer will repair or replace it without cost to the computer owner. Most warranties are limited warranties, meaning that there is a maximum amount the manufacturer will pay for repairs and/or that certain damage is not covered by the warranty. For example, a warranty on a computer generally does not cover water damage. Some warranties come with a product while others are purchased separately. Often, one may purchase an unlimited warranty, which has no constraints, or an extended warranty, which has a longer expiry, in addition to the ordinary warranty.

warranty

see GUARANTEE.

warranty

see QUALITY.

warranty

An express or implied promise arising out of a contract or a transfer of interests in real estate.An express warranty would be a manufacturer's warranty that an appliance will be defect free for 12 months. The “warranty of fitness for a particular use and purpose” is an implied warranty, imposed by the law,that a product will be safe if used in the manner in which it is intended.The contents of written warranties on consumer products are covered by the federal Magnusson-Moss Act, passed in 1975.It includes goods attached to or installed on real property. See alsowarranty deed.

References in periodicals archive ?
All warranties are different, so read your exclusions carefully and have a lawyer look them over too.
In addition to the standard coverages provided for carpet cleaning, window cleaning, and lawn treatments, the standard contract of OneGuard Home Warranties also contains coverage for a termite treatment for existing or pre-existing subterranean termites.
Unlike traditional catastrophe reinsurance, industry loss warranties are based on two triggers: a specific loss to the industry as a whole, plus a specific loss to the buyer.
Over the long-term, home warranties contribute to forging stronger real-estate agent/homebuyer relationships.
Finally, the reports analyse claims frequency for extended warranties split between white goods, brown goods, and grey goods, showing whether the claim was accepted or rejected.
Recognize that longer warranties and extensions come with conditions.
In recent years, there have been in an ever-increasing number of cases of construction defect claims invoking limited new home warranties.
Based on a primary survey of 1,000 consumers in the Netherlands carried out in November and December 2010, the research provides valuable data concerning the extent to which they take out extended warranties with audio systems, desktop computers, dishwashers, fridges / freezers, games consoles, laptops / netbooks, set-top boxes, televisions and washing machines with data shown separately for each of these nine types of product.
The owner will hence becomes another victim of the war of warranties.
This report titled Warranty Metrics: Consumer Approaches to Extended Warranties for White, Brown and Grey Goods in France, offers unique, detailed insights into the behaviour of French consumers regarding extended warranties for white, brown and grey goods.
com/research/77e31c/warranty_metrics) has announced the addition of the "Warranty Metrics: Consumer Approaches to Extended Warranties for White, Brown and Grey Goods in Italy" report to their offering.
com/research/ef781a/warranty_metrics) has announced the addition of the "Warranty Metrics: Consumer Approaches to Extended Warranties for White, Brown and Grey Goods in Germany" report to their offering.