what is the different between guarantee and warranty?
By good_monster
@good_monster (71)
India
4 responses
@juiceofine (144)
• United States
20 Mar 07
i dont know the answer but thats one i would like to know.lol
@wmg2006 (5381)
• United States
24 Feb 07
This is one I can answer. I studied this in my law classes and believe it or not it is very confusing even for those who practice real estate law.
A guarantee is Something that assures a particular outcome or condition.
Example A promise or an assurance, especially one given in writing, that attests to the quality or durability of a product or service
A warranty is Justification or valid grounds for an act or a course of action
Example An assurance by the seller of property that the goods or property are as represented or will be as promised
@springborn (295)
• United States
24 Feb 07
Sure.
A guarantee is "a promise or assurance, esp. one in writing, that something is of specified quality, content, benefit, etc., or that it will perform satisfactorily for a given length of time."
A warranty is "a written guarantee given to the purchaser of a new appliance, automobile, or other item by the manufacturer or dealer, usually specifying that the manufacturer will make any repairs or replace defective parts free of charge for a stated period of time."
Source: www.dictionary.com





