Warranty Statement means any written statement provided by Seller to the purchasers of products manufactured by Seller, setting forth warranties, guaranties, rights of return, rights of credit or other indemnities issued in respect of such manufactured products.
What is an example of warranty?
When you buy a TV and you have a written promise that it will be repaired for free if it breaks within the first year, this is an example of a warranty.
What should be included in a warranty?
What the warranty entails: Replacement, repair, or complete refund (and whether the customer must pay for shipping or other costs) The length of time the warranty covers the product from the date of purchase. What the warranty does not cover (such as damage caused by improper or illegal use)
What is an example of limited warranty?
As its name implies, a limited warranty is limited to just the specified parts, certain types of defects, or other conditions. For example, a new car that comes with a five-year warranty might offer the option to pay for a 10-year limited warranty. via
What is a warranty statement for insurance?
Warranty — (1) A guarantee of the performance of a product. Product warranties are included within the definition of the named insured's product in general liability policies. (2) A statement of fact given to an insurer by the insured concerning the insured risk which, if untrue, will void the policy. via
How long is the manufacturer's warranty?
Does a new phone have a warranty?
The vast majority of manufacturers offer a warranty for one or two years from the date you purchase your smartphone. If a hardware fault develops within that period then you have the right to demand a repair, replacement, or a refund. via
What is a warranty legal?
A warranty is a contractual assurance from a seller to a buyer. It is a subsidiary or collateral provision to the main purpose of the agreement: the sale itself. A breach of warranty claim is an action for breach of contract and is subject to the normal legal requirements of proving loss. via
What are the 3 types of implied warranties?
Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title. via
What is difference between guarantee and warranty?
The guarantee is a sort of commitment made by the manufacturer to the purchaser of goods, whereas Warranty is an assurance given to the buyer by the manufacturer of the goods. The guarantee covers product, service, persons and consumer satisfaction while warranty covers products only. The guarantee is free of cost. via
Is guarantee and warranty the same?
A warranty is a guarantee of the integrity of a product and of the maker's responsibility for it. In a sense, guarantee is the more general term and warranty is the more specific (that is, written and legal) term. via
What is difference between condition and warranty?
A condition is an obligation which requires being fulfilled before another proposition takes place. A warranty is a surety given by the seller regarding the state of the product. via
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Four common types of warranties are the express warranty, implied warranty, extended warranty, and special warranty deed. An expressed warranty guarantees that a product will meet certain conditions of quality and performance.
As its name implies, a limited warranty is limited to just the specified parts, certain types of defects, or other conditions. For example, a new car that comes with a five-year warranty might offer the option to pay for a 10-year limited warranty.