A | B |
Warranty | A promise or guarantee given to a customer that a product will meet certain standards in materials, workmanship, and performance. |
Express warranty | A warranty that is explicitly stated, in writing or verbally, to encourage a customer to make a purchase. |
Full warranty | A promise that a product found to be defective within the warranty period will be repaired or replaced at no cost to trhe purchaser. |
Limited warranty | A warranty that may exclude certain parts of the product from coverage or require the customer to bear some of the expense for repairs resulting from defects. |
Implied warranty | The warranty that takes effect automatically by state law whenever a purchase is made and there is no written warranty. |
Warranty of merchantability | The seller's promise that the product sold is fit for its intend purpose. |
Warranty of fitness for a particular purpose | The warranty implied when the seller advise a customer that a particular product is suitable for a particular use and the customer acts on that advice |
Disclaimer | A statement that specifies the exceptions to and exclusions from a warranty. |
Extended warranty | An agreement that provided repair or maintaince beyond the orginal warranty. |