Limited warranty

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Limited warranty

A warranty with certain conditions and limitations on the parts covered, type of damage covered, and/or time period for which the agreement is good.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Limited Warranty

An agreement between a seller and a buyer in which the seller agrees to pay for damage to a good under certain conditions. For example, the limited warranty may only cover certain types of damage and/or damages up to a certain amount. For example, if one buys a computer with a limited warranty, the seller may refuse to pay for damages from water or deliberate abuse. See also: Unlimited warranty.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Yesterday, Sony Interactive Entertainment updated the terms of its Limited Warranties for PlayStation 4, PlayStation VR, PlayStation 3, and PlayStation Vita systems sold in the United States and Canada.
Limited warranties on nearly all Vertrod sealers have been extended to three years, with the exception of Vertrod hand sealers, which have been extended to two years.
Yingli Green Energy Holding Company Limited (NYSE: YGE), a solar energy company and photovoltaic manufacturer, has launched new and improved limited warranties for its product line of PV modules.
Additionally, Segway noted that free extended limited warranties are available for the new i series model of the HT at participating dealers, with current HT owners able to take advantage of trade-in opportunities to purchase newer models.
Therma-Tru also offers the industry's best warranties, including lifetime limited warranties on Classic-Craft[R] and Fiber-Classic[R] door systems and 20-year limited warranties on Smooth-Star[R] door systems and Slim-Line[TM] patio door systems.
"There are no limited warranties printed on the tacos at Taco Bell," comments Wilde, "but there could be.
"If there's a moral to the yacht case," says Wilde, "it's to have a lawyer who knows the UCC write a limited warranty for your sales contract." Limited warranties must be conspicuous and are usually printed in bold letters.
(HSB) in Hartford, Conn., will now underwrite limited warranties for used industrial equipment sold through online equipment marketplaces, becoming the first insurance company to do so.
And she makes an apt observation that, as American society increasingly models family relationships after marketplace facets of free choice and "limited warranties," family bonds are being undermined.
In addition, the mean educational levels required to read and understand full and limited warranties are compared.
Wilkes and Wilcox (1981) suggested that many manufacturers were likely to change from full warranties to limited warranties because of confusion in the provisions, difficulties in interpretations, and the prospect of the cost and burden of the rules and regulations of the MMWA.
All of the warranties issued are known as limited warranties to conform: to the Uniform Commercial Code (UCC).

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