Question

On June 1, 2020, Sam purchased a new laptop from Best Buy in preparation of the start of his university career at Schulich. The retail value of the laptop was $1,300 but at the time of purchase, Sam was offered a 3-year warranty package sold separately for $300. Sam opted for the warranty package and was charged a total price of $1,200 at the point of sale. Sam paid for his purchase in cash and took the laptop home. The 3-year warranty package was effective immediately. All laptop purchases and warranty packages are non-refundable. Customers who purchase laptops from Best Buy are not obligated to purchase the warranty. Furthermore, Best Buy offers warranty services to customers irrespective of whether or not the product was purchased at a Best Buy location.

Answer 1

Incomplete question. However, I provided a brief about Warranties.

Step-by-step explanation:

Note, the term Warranty refers to a legally binding agreement issued by a manufacturer, supplier, or seller to the purchaser of a product with a promise to repair or replace the product under certain conditions (such as when the defect was not caused by the purchaser) within a specified period of time.

Hence, the 3-year warranty package of the laptop been effective immediately implies that Sam is protected from any damage or defect found in the laptop.