what is a difference between warranty and guarantee?
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A warranty is “a promise or guarantee given.” A warranty is usually a written guarantee for a product, and it holds the maker of the product responsible to repair or replace a defective product or its parts. ... So, what's a guarantee? Basically, it's the promise included in the formal (and legal) warranty.
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A financial guarantee promises repayment of money, in case of non-completion of the contract by the client. A performance guarantee, on the other hand, provides a promise of compensation in case of inadequate or delayed performance of a contract.
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Conditions are the set stipulations of the contract, whereas warranties are considered to be an additional set of rules. They both might have time requirements, but the time limits set on the conditions of the contract are legally enforceable.
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Whether it was returned to the retailer within the allowed period or has actually been used, the retailer can no longer sell it as new. Thus, it's become a pre-owned phone. While refurbished means a phone has been tested and repaired, a phone that's certified has usually only been tested and proven to work properly.
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The A-Z Guarantee Claim allows customers protection for specific scenarios and guarantees either a refund or partial refund to buyers if: 1. The item never arrives, or it arrives three days after the latest estimated delivery date or 30 days from the order date — whichever is sooner.
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Free of charge, 2-year guarantee for all goods If goods you bought anywhere in the EU turn out to be faulty or do not look or work as advertised, the seller must repair or replace them free of charge or give you a price reduction or a full refund.
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Description. The main difference between "refurbished" and "used" products is that refurbished products have been tested and verified to function properly, and are thus free of defects, while "used" products may or may not be defective.
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To save this word, you'll need to log in. A warranty is a guarantee of the integrity of a product and of the maker's responsibility for it. In a sense, guarantee is the more general term and warranty is the more specific (that is, written and legal) term.
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Hisense will, solely within the applicable warranty period, and at Hisense's sole discretion, either repair the defective Product or provide the Purchaser with a like new or refurbished product of similar or better quality. Warranty service may be obtained by contacting Hisense using any of the methods below.
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5 Answers. warranty: "a written guarantee promising to repair or replace an article if necessary within a specified period." ... A warranty is a type of guarantee; in the case of a product guarantee/product warranty, it's basically the same thing - the company undertakes to repair or replace your goods if they go wrong ...
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The warranty of merchantability is implied, unless expressly disclaimed by name, or the sale is identified with the phrase "as is" or "with all faults". ... The warranty of fitness for a particular purpose is implied when a buyer relies upon the seller to select the goods to fit a specific request.
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Some retailers that sell refurbished devices have technicians who can do it on site. Refurbished devices may have a factory warranty. The process of reconditioning involves the same steps but in the case of damaged devices, the faulty component is replaced instead of being repaired.
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A general warranty deed covers the property's entire history. ... With a special warranty deed, the guarantee covers only the period when the seller held title to the property. Special warranty deeds do not protect against any mistakes in a free-and-clear title that may exist before the seller's ownership.
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A refurbished laptop has usually been professionally restored as close to 'as new' condition as possible by a manufacturer or retailer, and often comes with a warranty. A second-hand laptop is typically a used laptop sold 'as-is', and condition is far more variable.
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An express warranty is one that is clearly stated (or "expressed") either verbally or in writing, while an implied warranty automatically covers most consumer goods valued over a certain amount, but only provides a base level of protection for consumers.
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A Performance Guarantee is issued by an insurance company or bank to a contractor to guarantee the full and due performance of the contract according to the plans and specifications. ... Bank Guarantee is a financial guarantee . The bank will pay the money if the obligant defaults in payment of money .
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The bottom-line difference with regards to warranty vs. insurance is that insurance covers unexpected events that lead to damage, while warranties cover events that are somewhat expected, such as the aging and ultimate breakdown of appliances and systems.