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A contract guaranteeing free service and replacement parts for a specific time frame

A. Warranty
B. License
C. Lease
D. Agreement

User Taranaki
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1 Answer

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Final answer:

A warranty is a contract guaranteeing free service and replacement parts for a specific time frame, often provided with large purchases to ensure product protection and customer satisfaction. Service contracts can offer similar benefits for an extra fee.

Step-by-step explanation:

A contract guaranteeing free service and replacement parts for a specific time frame is known as a warranty. Sellers may offer this to ensure that if anything goes wrong with the product, they will fix or replace it at no extra cost to the buyer. This is a common practice for large purchases such as cars, appliances, and houses. An alternative to a warranty is a service contract, which usually requires an extra payment from the buyer, but it also covers repairs and malfunctioning issues over a set time period.

Guarantees, warranties, and service contracts provide buyers with explicit reassurance that their purchase is protected. This is not necessarily limited to stated policies; many establishments may offer unstated guarantees, such as refunds or exchanges, to ensure customer satisfaction.

User Urvashi Bhagat
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