A warranty is an obligation of the receiver of goods and services that a future claim will not be made against the supplier of the goods if the goods prove to be unsatisfactory.

Question

Quizplus · Accepted Answer

A warranty is actually an assurance provided by the seller or manufacturer of goods or services to the buyer, guaranteeing the quality, performance, or condition of a product or service over a specified period. If the goods or services prove unsatisfactory, the warranty typically obligates the seller or manufacturer to repair, replace, or refund.

A Warranty Is an Obligation of the Receiver of Goods