warranty


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Related to warranty: Warranty deed, Express warranty

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 ?
Warranty Connect will integrate with the existing dealer management, ERP/CRM, and other systems to streamline the data flows across the extended enterprise to improve warranty and quality management.
For instance, Nicolini said one client was interested in purchasing an industry loss warranty to cover the third hurricane of a Category 3 or higher that makes landfall in the United States in 12 months or 24 months.
Never buy an extended warranty without checking out the company and the coverage and asking the dealer if he will stand by the customer no matter what the controversy is, even if the cause of the problem is questionable.
Said Gary Serbousek, President, Home One Warranty, "The home warranty industry is a maturing market and Home One Warranty was founded to provide companies like HLWP an alternative to the time and cost of internal software development efforts.
Most people buy home warranty policies when they first purchase their home, which is usually the best time to get one since often you are entering into a purchase agreement for appliances that were already in the home.
But the problem is made larger when lax, or generous, claims management leads to paying losses that you didn't anticipate because they are outside the scope of the stated coverage in the warranty.
While I was in the process of buying my new appliances, I remembered that one year was added to my warranty if I charged the purchase on my credit card.
Washington Dep't of Revenue, 483 US 232 (1987), to support the MTC's position that an independent contractor's warranty repair services create nexus for an out-of-state seller.
This report titled Warranty Metrics: Consumer Approaches to Extended Warranties for White, Brown and Grey Goods in Italy offers unique, detailed insights into the behaviour of Italian consumers regarding extended warranties for white, brown and grey goods.
13, 2015 /PRNewswire/ -- Home One Warranty, the only software solution specifically designed for Home Warranty providers, is proud to announce the release of Home One Warranty v3.
com provides a warranty service that protects property managers up to $5,000 in damages to their units.
This report titled Warranty Metrics: Consumer Approaches to Extended Warranties for White, Brown and Grey Goods in Germany offers unique, detailed insights into the behaviour of German consumers regarding extended warranties for white, brown and grey goods.