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Warranty

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A warranty is a special kind of promise. It is an assurance made by a seller to a buyer. This promise is part of a legal contract. In contract law, a warranty is a term that is not the main part of the deal. This means if the promise is broken, the buyer can ask for money to fix the problem. This money is called damages.

A warranty is different from a guarantee. It is a promise that certain facts are true. Some warranties are about things that are true right now. Others are continuing warranties that stay true into the future.

There are two main ways a warranty is made. An express warranty is written down or spoken clearly. For example, a seller might say a tool is made of strong steel. If the tool is actually weak, the buyer can say the promise was broken. An implied warranty is different because it is unwritten. These promises happen because of the way people do business. Even if nothing is said, there is an understanding that a product should work.

In many places, new goods come with these unwritten promises automatically. However, used goods might be sold "as is." This means there are no implied warranties at all.

Two important types of implied warranties help protect buyers. The first is the warranty of merchantability. This means a product must meet normal standards for what it is. A piece of fruit should look and smell good to a buyer. If it has hidden defects, the warranty might be broken. The second is the warranty of fitness for a particular purpose. This happens when a buyer asks a seller for something specific. If a buyer asks for snow tires and gets unsafe tires, the promise is broken.

Laws about warranties help keep things fair for everyone. In the United States, a law called the Magnuson-Moss Warranty Act was passed in 1975. This law makes warranties stronger for people who buy things. It says that if a company offers an express warranty, they cannot take away implied warranties. Some states even have "lemon laws" for cars. Other states require warranties for new homes.

In the United States, the Uniform Commercial Code also helps set rules for selling goods. These rules help decide how warranties work in different states.

Many warranties have a limit on how long they last. A television might have a 90-day warranty. If the TV breaks on day 91, the buyer might not be able to make a claim. A lifetime warranty is different because it has no time limit for defects. It does not mean the product lasts for the person's whole life. It means the promise against bad materials lasts for a long time.

Some people also buy extended warranties. These are extra service contracts that cover a product for a longer time. They often have their own special rules and conditions.

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