warranty

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warranty

1. Property law a covenant, express or implied, by which the vendor of real property vouches for the security of the title conveyed
2. Contract law an express or implied term in a contract, such as an undertaking that goods contracted to be sold shall meet specified requirements as to quality, etc.
3. Insurance law an undertaking by the party insured that the facts given regarding the risk are as stated
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

guarantee

1. A legally enforceable assurance of the quality or duration of a product or of work, 1 performed.
2. A binding commitment by one person that another will perform his contract obligations satisfactorily.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
In the Boud yacht case, the court noted that express warranties can be created by promotional materials, including brochures, but only if the statements are objective, capable of being proven true or false, and highly specific.
"The buyers will never even look at the product warranties. What they want is the best cost per square foot.
Section 2-313 of the UCC recognizes three types of express warranties the seller can create:
FIRSTLY, both guarantees and warranties rarely offer cover in case of wear-and-tear or accidental damage.
Otherwise referred to as "limited warranties," manufacturer warranties are automatically bundled with the purchase of a manufacturers product.
The areas where contradiction from the agreed set of warranties found is being highlighted hereunder for consideration of the stake holders.
An important goal of the Magnuson-Moss Warranty Act was, in the words of the law itself, to "promote consumer understanding" of written warranties. By that measure, it has backfired.
* Our previous warranties stated that the warranty does not apply if the product is used with a peripheral that is not supplied or licensed by SIE.
People often think of a roof warranty in the same way they think of warranties on electronics, but nothing could be further from the truth.
New Delhi [India], Jan 27 ( ANI ): Extended warranties are a way of offering additional protection for expensive purchases, and come into effect after the expiration of the manufacturer's warranty.