WARRANTIES
Encyclopedia of Everyday Law, October, 2005
CONSUMER ISSUES WARRANTIES
Sections within this essay:
Background Types of Warranties Implied Warranties Express Warranties Used and "As Is" Goods Extended Warranties Magnuson-Moss Warranty Act Lemon Laws Additional Resources Background
In simplest terms, a WARRANTY (also called a guarantee) is an agreement between a seller and a buyer to ensure that a product will work properly. While the concept is simple, the actual application of a warranty can be quite complex. There is no law requiring a company to offer a written warranty on a product it manufactures or sells. The absence of a written warranty, however, does not mean that a product is not warranted to perform according to expectation. When a written warranty does exist, it binds the company under...
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