2006-09-07 02:15:39 · 6 answers · asked by Anonymous in Education & Reference ➔ Homework Help
Hello,
The words "warranty" and "guarantee", in the eyes of law, have distinct meanings.
"Warranty" - in case of any defect, the supplier / vendor / manufacturer promises to carry out repairs in the product.
"Guarantee" - in case of any defect, the supplier / vendor / manufacturer promises to replace the product.
For example, if your oven is not working, under a "warranty" cover, the vendor will carry out repair of the defective component; while under a "guarantee" cover, the vendor will replace the piece with a new one. Of course, there is a period for the cover.
Hth.
2006-09-07 02:22:23 · answer #1 · answered by ssjagrawal 2 · 0⤊ 0⤋
If your buying something I found this.
The fundamental differences are rather large. First of all a Guaranty is generally a short term idea. " We guaranty that you will be satisfied or your money back". while a Warranty is longer in "term" and is generally based on the quality of the product and its longevity rather then "simple satisfaction". Thus cars have "limited power train warranties of 60,000 miles or 5 years which ever comes first." This means that if you do every thing the car company tells you to do and it in the time frame (or milage) then they will repair a quality defect at no cost or limited cost to the consumer.
There is another type of guaranty in which the financial aspect of the transaction rather then the quality is at stake. In this type of guaranty, the buyer is given (much as in the first example) a promise of getting his/her money back in the event of a failure in satisfaction over a longer term. Thus tires have limited tread life guaranties in which you can get some money back if the tread of the tire does not last 50K miles provided that you maintained the tires and did not despoil them by your driving habits. Or as in the case of Sears's guaranty of their "Craftsmen" hand tools. If one should break, they will replace it at no charge. This is not a warranty because the tool's failure could be caused by anything, including a fault in its quality.
2006-09-07 09:40:40 · answer #2 · answered by ????? 7 · 0⤊ 0⤋
Warranty - Some item which can be repaired by the company but not replaced.
Guarantee - If the item you purchase is already damaged, the company will replace it for you. It doesn't include breaking stuffs on our own and asking for a guarantee!!!!
2006-09-07 09:19:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A warranty has conditions and a guarantee does not. If someone guarantees something they promise that it will NEVER break or wear out.
2006-09-07 09:19:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
warranty is a promise that and item will be fixed or replaced if it is broken in the time period of the warranty
2006-09-07 09:19:40 · answer #5 · answered by links305 5 · 0⤊ 0⤋
In meaning, none, they are interchangeable words.
2006-09-07 09:17:21 · answer #6 · answered by WC 7 · 0⤊ 0⤋