In grunted the manufacturer change the good if it not work properly but in warranty they only repair

Discussion in 'Banking' started by Salem Rajareddy, Sep 15, 2017.

  1. Salem Rajareddy

    Salem Rajareddy New Member

    In grunted the manufacturer change the good if it not work properly but in warranty they only repair good
     
  2. John Sps

    John Sps New Member

    Guarantee is just a vow / commitment that validates the durability or quality of the product. It is given by the supplier or any third party.Warranty is given by the producer / manufacturer of the product. It is just like an insurance policy, If the product does not meet the promises it is liable for servicing or eventually gets replaced.
     
  3. Salem Rajareddy

    Salem Rajareddy New Member

    Warranties and guarantees are promises manufacturers or sellers make to customers. When a product is "under warranty" or "guaranteed by" its maker or seller, it means the company that produces or sells the product backs the quality of it in some way, and may be willing (or obligated) to repair defects, accept returns and issue refunds, and/or make exchanges.A warranty is usually a written, contractual promise that attests to the quality of a specific, purchased product for a certain amount of time. Should the product become defective while it is still under warranty — say, within one year of its purchase — the company is bound by the warranty to repair or replace the item. A guarantee is also a promise regarding product quality, and it may even be written into a warranty contract. However, guarantees are generally less likely to be written, and are often not as clearly defined as warranties. Many companies often verbally "guarantee" the satisfaction of their customers, with unhappy customers receiving full or partial refunds. They may make such a guarantee a part of their general business practice, separate from a warranty contract on any particular product.Legally, there is little to no difference between warranties and guarantees, but warranties are usually more likely to be written contracts than guarantees are. Written contracts are more valuable than oral contracts.
     

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