Guarantee and warranty.
Actually they originally meant the same thing - and come from the same root (came into English at different times) - meaning 'forty' [days] in Spanish. The idea was that an item you bought was safe from defects for forty days.
In modern English they have diverged in meaning in a legal/technical sense. A guarantee or warranty on an item you buy can still mean the same thing. However, a warranty is the only one you would sometimes pay for. Also, in law, you may be asked to 'guarantee' a loan given to someone else, but not to 'warrant' it.
2006-06-11 13:25:04
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answer #1
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answered by Anonymous
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A guarantee:
Is usually free
It's a promise to sort out any defects with a product or service within a fixed period of time.
It's a legally binding contract, even if you didn't pay for it.
It must explain how to go about making a claim in a way that is easy to understand.
It should add to, not take away from, your rights under consumer law.
It works whether or not you have a warranty.
A warranty:
A warranty is like an insurance policy that you must pay a premium for.
Sometimes it's called an 'extended guarantee'
It might cover a longer period than a guarantee, and it might cover a wider range of problems.
A warranty is a legal contract, so you can take the company to court if they don't honour it.
The terms of the contract should be clear and fair.
Having a warranty doesn't diminish your rights under consumer law.
A warranty can run alongside a guarantee.
2006-06-11 08:25:16
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answer #2
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answered by Bijoy 1
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A Guaranty is between a store and you for so many months if it breaks down within those month you could bring it back with you receipt I warranty is extention of your guaranty that you pay for.
2006-06-12 01:07:50
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answer #3
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answered by Anonymous
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A guaranty is one person's (or other entity) assurance backed by financial resources that another person (or entity) will perform certain obligations made in a legal contract. A warranty is simply a statement that a business or professional entity will guarantee a product or service.
2006-06-11 08:24:39
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answer #4
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answered by lloydtj 1
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Guarantee means they are saying the item wont break and if it does they will replace it. A warranty is when they will only cover the product for a certain time and if you want this extended you have to pay for it.
2006-06-11 09:29:21
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answer #5
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answered by tantiprincess 3
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