- Hi! Guys, All Of Us Must Have Gone Through The Terms Warranty & Guarantee, Right?
- So, Today I am going to explain this how these two terms are different from one another.
- Ok, First I am making the table for you to separates the twos for your easy understanding
GUARANTEE
WARRANTY
A guarantee is promise that if certain product or service is not fulfil the according the criteria given, the value of the product or service will be refunded.
A warranty is a term of contract, any breach or violation of this terms give rise to claim for damages, but not full cancellation of the contracts.
Example, David sells an I-phone to Warner, David Guarantee that this device will provide 5 days battery backup. If this phone could not meet up the criteria given Warner can ask a full refund for his money given.
Example, In case of warranty if the criteria not met up as claimed by the David, Warner can lodge a complaint to compensate the damages such repairing the device.
Guarantee is Commitment ( Guarantee very less chance to fail ,if fail will get full refund )
Warranty is Assurance (Warranty could be failed)
Guarantee could be Written or oral
Warranty generally written
Guarantee is given in case of Product, Service ,or Person
Applicable to only product
0 Comments
If you have any queries , Feel free to contact