Warranty
A Warranty is a formal assurance provided by a manufacturer or seller to the buyer regarding the condition, quality, or performance of a product or service. It represents a legally binding commitment to repair, replace, or refund a product if it fails to meet specified criteria within a defined period.
Warranties serve to protect consumers from potential defects and provide confidence in the purchase, ensuring that products perform as advertised. There are various types of warranties, including express warranties, which are explicitly stated in writing or verbally, and implied warranties, which are unwritten guarantees mandated by law, ensuring that a product is fit for its intended use.
Warranties are critical in consumer rights, offering recourse in case of defective or substandard products. They also reflect a company's confidence in its products' quality and commitment to customer satisfaction, playing a significant role in purchasing decisions.
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