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Warranty
a guarantee from a manufacturer or merchant that a product meets certain standards.
Guarantee
A Non legally binding promise
Express Warranty
a Written guarantee explaining the exact terms by which a product can be replaced, returned or repaired
Full Warranty
a type of guarantee that covers the full cost of repair or replacement of a defective product
Limited warranty
a type of guarantee that covers the cost to replace or repair certain parts of the defective product
Service contract
an agreement enforceable by law between a manufacturer or merchant and the consumer to cover the cost of repairing a product
implied warranty
an unwritten guarantee created by state law that promises the purchased product will be suitable for its stated purpose or function
Consumers
are people or groups of people that purchase products for personal use and not for resale or use in manufacturing
Consequential damages
injuries or harm caused by the product and not the product (most warranties don’t cover these)
