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Overview

warranty

Subject: Law

A guarantee by the provider of goods or services as to their quality. A manufacturer's warranty is only of value to customers if it goes beyond the minimum properties of the good or ...

warranty

warranty   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
47 words

...warranty A guarantee by the provider of goods or services as to their quality. A manufacturer’s warranty is only of value to customers if it goes beyond the minimum properties of the good or service required by law. A warranty does not curtail the customer’s statutory...

warranty

warranty   Quick reference

A Dictionary of Marketing (4 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
123 words

... A guarantee that is given by the seller that the product is free of defects. If the product breaks down or if it has defects, the provider of the warranty promises to fix or replace the product free of charge, or at a reduced cost, for a designated period of time. Warranties are usually provided for more expensive items and typically last for at least a year, depending upon the value of the item purchased. The consumer can also purchase extended warranties for an additional period of time. Such service guarantees are now a vital component of product...

warranty

warranty   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
221 words

... 1. A statement made clearly in a contract ( express warranty ) or, if not stated clearly, understood between the parties to the contract ( see implied warranty ). An unfulfilled warranty does not invalidate the contract (as it would in the case of an unfulfilled condition ) but could lead to the payment of damages. See also floating warranty . 2. A condition in an insurance policy that confirms that something will or will not be done or that a certain situation exists or does not exist. If a warranty is breached, the insurer is entitled to refuse...

warranty

warranty   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

... 1. A statement made clearly in a contract ( express warranty ) or, if not stated clearly, understood between the parties to the contract ( implied warranty ). An unfulfilled warranty does not invalidate the contract (as it would in the case of an unfulfilled condition) but could lead to the payment of damages. See also floating warranty . 2. A condition in an insurance policy that confirms that something will or will not be done or that a certain situation exists or does not exist. If a warranty is breached, the insurer is entitled to refuse to...

warranty

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A Dictionary of Law Enforcement (2 ed.)

Reference type:
Subject Reference
Current Version:
2015
Subject:
Law
Length:
98 words

... n. 1 (in contract law) A term or promise in a contract, breach of which will entitle the innocent party to damages but not to treat the contract as discharged by breach. Compare condition . 2 (in insurance law) A promise by the insured, breach of which will entitle the insurer to treat the contract as discharged by breach. The word therefore has the same meaning as condition in the general law of contract. 3 Loosely, a manufacturer’s written promise as to the extent he will repair, replace, or otherwise compensate for defective goods; a ...

warranty

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A Dictionary of Law (10 ed.)

Reference type:
Subject Reference
Current Version:
2022
Subject:
Law
Length:
106 words

... n. 1. ( in contract law ) A term or promise in a contract, breach of which will entitle the innocent party to damages but not to treat the contract as discharged by breach. Compare condition . See also innominate terms . 2. ( in insurance law ) A promise by the insured, breach of which will entitle the insurer to treat the contract as discharged by breach. The word therefore has the same meaning as condition in the general law of contract. 3. Loosely, a manufacturer’s written promise as to the extent he will repair, replace, or otherwise...

warranty

warranty   Reference library

Australian Law Dictionary (3 ed.)

Reference type:
Subject Reference
Current Version:
2018
Subject:
Law
Length:
264 words

...warranty ( guarantee ) In general legal usage a warranty or guarantee is an assurance or promise. In contract law ‘warranty’ can denote a term less important than a condition ; breach of warranty gives the injured party only a right to claim damages, and injured parties must still perform their own contractual obligations ( Bettini v Gye ( 1876 ) 1 QBD 183). Whether a term is a condition or a warranty is for the courts to decide if it is not clear from the agreement. Manufacturers often provide warranties to repair faulty goods, and statutes may...

implied warranty

implied warranty   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
47 words

...warranty In contract law, the unwritten contract between a seller and a buyer that goods or services traded are fit for their usual purpose. The buyer has the right to expect that their purchase conforms to certain standards, even where there is no written warranty...

floating warranty

floating warranty   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
79 words

...warranty A guarantee given by one person to another that induces this other person to enter into a contract with a third party. For example, a car dealer may induce a customer to enter into a hire-purchase contract with a finance company. If the car does not comply with the dealer’s guarantee, the customer may recover damages from the dealer, on the basis of the hire-purchase contract, even though the dealer is not a party to that...

floating warranty

floating warranty   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

...warranty A guarantee given by one person to another that induces this other person to enter into a contract with a third party. For example, a car dealer may induce a customer to enter into a hire-purchase contract with a finance company. If the car does not comply with the dealer’s guarantee, the customer may recover damages from the dealer, on the basis of the hire-purchase contract, even though the dealer is not a party to that contract....

representation and warranty

representation and warranty   Quick reference

A Dictionary of Accounting (5 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
46 words

...and warranty A clause in a loan agreement in which the borrower gives a contractual undertaking confirming certain fundamental facts. These will include the borrower’s power to borrow and to give guarantees, as well as confirmation that it is not involved in any major...

representation and warranty

representation and warranty   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
46 words

...and warranty A clause in a loan agreement in which the borrower gives a contractual undertaking confirming certain fundamental facts. These will include the borrower’s power to borrow and to give guarantees, as well as confirmation that it is not involved in any major...

representation and warranty

representation and warranty   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

...and warranty A clause in a loan agreement in which the borrower gives a contractual undertaking confirming certain fundamental facts. These will include the borrower’s power to borrow and to give guarantees, as well as confirmation that it is not involved in any major litigation....

Magnuson–Moss Warranty Act 1975

Magnuson–Moss Warranty Act 1975   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
62 words

...Warranty Act 1975 A US federal law requiring that guarantees provided by sellers should be made available to buyers before a purchase is made and that they specify who the warrantor is, what products (or parts of products) are covered, what the warrantor must do if the product is defective, how long the warranty applies, and the obligations of the...

warranty

warranty n   Reference library

The Oxford Dictionary of Original Shakespearean Pronunciation

Reference type:
Subject Reference
Current Version:
2016

...warranty n m ˈwɑrǝnˌtǝɪ sp warrantie 3 ...

warranty

warranty   Quick reference

New Oxford Rhyming Dictionary (2 ed.)

Reference type:
Subject Reference
Current Version:
2013
Subject:
Language reference
Length:
106 words

... • footy , putti, sooty, tutti • shufti • casualty • deputy • butty , cutty, gutty, nutty, puttee, putty, rutty, smutty • mufti , tufty • bhakti • subtlety • humpty-dumpty • Bunty , runty • bustee , busty, crusty, dusty, fusty, gusty, lusty, musty, rusty, trusty • fealty • realty • propriety , society • loyalty , royalty • cruelty • Krishnamurti , Trimurti • liberty • puberty • faggoty , maggoty • Hecate • chocolatey • Cromarty • commonalty • personalty • property • carroty • guaranty • mayoralty • warranty • admiralty •...

warranty

warranty   Reference library

Fowler’s Dictionary of Modern English Usage (4 ed.)

Reference type:
Subject Reference
Current Version:
2015

...warranty is the term used in various branches of law (e.g. property law, contract law, insurance law) defining and delimiting certain kinds of covenants, contracts, and insurance risks. See guarantee . In origin they are ‘the same word’, the spelling with initial w coming from Anglo-Norman warantie , a dialect variant of guarantie , modern French garantie ....

ˈwarranty

ˈwarranty n.   Quick reference

Pocket Oxford German Dictionary: English German (4 ed.)

Reference type:
Bilingual Dictionary
Current Version:
2012
Subject:
Bilingual dictionaries
Length:
4 words
warranty

warranty n   Reference library

Pocket Oxford Irish Dictionary: English-Irish

Reference type:
Bilingual Dictionary
Current Version:
2004
Subject:
Bilingual dictionaries
Length:
4 words
warranty

warranty n   Quick reference

Pocket Oxford Latin Dictionary: English-Latin (3 ed.)

Reference type:
Bilingual Dictionary
Current Version:
2012
Subject:
Bilingual dictionaries, Classical studies
Length:
4 words

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