homeownership
type: Concept
narrower: warranties

concepts
type: Collection
type: ConceptGroup
member: warranties

manufacturing and operations
type: Concept
narrower: warranties

warranties
definition: 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]
broader: manufacturing and operations
broader: homeownership
type: Concept