concepts
homeownership
manufacturing and operations
Warranties are promises or guarantees made by a seller or lessor about the characteristics or quality of property, goods, or services, on which the purchaser or lessee relies. Warranties are either “express” (i.e., explicit oral or written representations about the quality or identity of the item) or “implied” (i.e., inferred into the contract in accordance with legal requirements). [Source: Encyclopedia of Business Ethics and Society; Warranties]
warranties