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Anonymous Posted 11 years ago
Business & Finance

examples of guarantee and warantty
  

Top answer

These terms have technical meaning in contract law, but they are most often used to label consumer products. In this arena, a guarantee is a promise of satisfaction, and a warranty (note the spelling) is a type of guarantee, namely one that details the the obligations that the seller or manufacturer undertakes in case the product is unsatisfactory. Thus you may see "Unconditional, money back guarantee," which means that if you're not satisfied with what you bought, the seller or manufacturer is supposed to refund your money.

  • These terms have technical meaning in contract law, but they are most often used to label consumer products.
  • In this arena, a guarantee is a promise of satisfaction, and a warranty (note the spelling) is a type of guarantee, namely one that details the the obligations that the seller or manufacturer undertakes in case the product is unsatisfactory.
  • Thus you may see "Unconditional, money back guarantee," which means that if you're not satisfied with what you bought, the seller or manufacturer is supposed to refund your money.
  • "
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2 Answers
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These terms have technical meaning in contract law, but they are most often used to label consumer products. In this arena, a guarantee is a promise of satisfaction, and a warranty (note the spelling) is a type of guarantee, namely one that details the the obligations that the seller or manufacturer undertakes in case the product is unsatisfactory.

Thus you may see "Unconditional, money
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I would ad that warranties are more common with products made from components with different levels of coverage.
for example: a computer is made with many components from numerous manufactures. The motherboard could be under warranty for one year while the processor is under warranty for six months. Software could include phone or remote support for one year. You could purchase an extended

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