A producer's statement of what it will do to compensate the buyer if the product is defective or does not work properly is known as a(n) _____.
A) surety
B) warranty
C) insurance
D) liability

Question

Quizplus · Accepted Answer

A warranty is a producer's statement of what it will do to compensate the buyer if the product is defective or does not work properly. A surety is a person who takes responsibility for paying a debt or fulfilling an obligation. Insurance is a contract in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. Liability refers to legal responsibility for one's actions or omissions that result in harm or damage to another person or property.

A Producer's Statement of What It Will Do to Compensate