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Warranty Definition–noun | 1. | an act or an instance of warranting; assurance; authorization; warrant. |
| 2. | Law. | a. | a stipulation, explicit or implied, in assurance of some particular in connection with a contract, as of sale: an express warranty of the quality of goods. |
| b. | Also called covenant of warranty. a covenant in a deed to land by which the party conveying assures the grantee that he or she will enjoy the premises free from interference by any person claiming under a superior title. Compare quitclaim deed, warranty deed. |
| c. | (in the law of insurance) a statement or promise, made by the party insured, and included as an essential part of the contract, falsity or nonfulfillment of which renders the policy void. |
| d. | a judicial document, as a warrant or writ. |
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| 3. | 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. |
–verb (used with object) | 4. | to provide a manufacturer's or dealer's warranty for: The automaker warranties its new cars against exterior rust. |
| From Dictionary
Related topics from Britannicainsurance In the field of ocean marine insurance there are two general types of warranties that must be considered: express and implied. Express warranties are promises written into the contract. There are ...
insurance In applying for insurance, the applicant makes certain representations or warranties. If the applicant makes a false representation, the insurer has the option of voiding the contract. Concealment of ...
manufacturer's liability legal concept or doctrine that holds manufacturers or sellers responsible, or liable, for harm caused by defective products sold in the marketplace. Manufacturer's liability is usually determined on ...
caveat emptor (Latin: "let the buyer beware"), in the law of commercial transactions, principle that the buyer purchases at his own risk in the absence of an express warranty in the contract.biography This fourth category of life writing is subjective and has no standard identity. At its best it is represented by the earlier works of Catherine Drinker Bowen, particularly her lives of Tchaikovsky, ...
insurance Ocean marine contracts are written to cover four major types of property interest: (1) the vessel or hull, (2) the cargo, (3) the freight revenue to be received by the ship owner, and (4) legal ...
insurance In general, an insurance contract must meet four conditions in order to be legally valid: it must be for a legal purpose; the parties must have a legal capacity to contract; there must be evidence of ...
agency Various kinds of agency relationships are evident in Anglo-American commercial life. The factor and the broker are the most common mercantile agents dealing in transactions involving personal ...
property law In general, land ownership in China cannot be privately transferred, since all land is owned by the public, either the state or the community. Only the right to use land and assets situated on the ...
corporate finance the acquisition and allocation of a corporation's funds, or resources, with the objective of maximizing shareholder wealth (i.e., stock value). In the financial management of a corporation, funds ...
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Citybizlist - Found Oct. 20, 2008 HARRISBURG - Attorney General Tom Corbett today announced a consumer protection lawsuit against an Allentown-based used car warranty business and its ...
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Warranty Group VP Appointed to City of Chicago's Mentor Program
F&I Management & Technology - Found Oct. 16, 2008 ... to Mancuso, 'The Warranty Group is deeply committed to supporting the City of Chicago in this vital initiative.' The Warranty Groupâs...
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Buying software? Don't forget the warranty
Search CIO Australia - Found Oct. 12, 2008 You buy a car and it breaks down, a warranty will cover the repair. You buy a faulty toaster, a warranty permits you to bring it back for a new...
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Quebec Appeal Court says manufacturer's extended warranty is not an ...
Canadian Underwriter - Found Oct. 11, 2008 The Quebec Court of Appeal has found that the 'Extra Care Protection' contract of a vehicle manufacturer is a warranty, not an insurance contract,
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