Everything you need to know about warranties and guarantees



Everything you need to know about warranties and guarantees includes knowing that anything you buy as a consumer has an implied warranty of quality in any way, even if you don’t get the reams of paper that accompany larger items like electrical appliances. Credit agreements and advertisements often refer to guarantees and warranties, but most of us wonder if there is a difference between the two and, if so, what the difference is. The Oxford Dictionary describes warranty and guarantee as “a promise that a company will repair or replace something you buy without charge if it becomes…

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