Warranty (Goods) - Explained
What is a Warranty?
Written by J. Mance Gordon
Updated at April 17th, 2024
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What is a Warranty?
A warranty is an assurance or guarantee that a manufacturer or a seller of a product would repair or change the product purchased by a buyer if it breaks or malfunctions during the warranty period. Here are the key points to note about warranties:
- Terms of warranties vary from company to company.
- There are often limits or criteria that must be followed before a warranty can be claimed.
- There are some reasons that can cause a warranty to be denied, (such as misuse of product, alterations, and modifications parts of the product).
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