A warranty is an assurance by the buyer to the seller that he or she will pay valid con?sideration for a product.

Name: A warranty is an assurance by the buyer to the seller that he or she will pay valid con?sideration for a product.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

A warranty is actually a guarantee by the seller to the buyer that the product will meet certain standards or that the seller will repair or replace the product if it doesn't meet those standards. It is not an assurance by the buyer to the seller to pay for the product.

A Warranty Is an Assurance by the Buyer to the Seller