Legal

Difference Between Warranty and Guarantee

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Primary Difference

A warrantee is termed as surety in a written form which is referred to as a written guarantee. This is for the purchaser that if the product requires repair within the given time then they will provide their services (the manufacturer). While on the other hand guarantee is to provide surety or security regarding certain agreements. Warranty is legal contract and guarantee can be both legal and informal. So basically warrantee is a promise and guarantee can be termed as assurance. The promise and the assurance is regarding the condition, quality and maintenance of the product which is bought by the buyer and this promise can be in written form or can be done verbally. Furthermore, both can be legal i.e. would have specific laws related to the transaction of the product. Similarly, we see that nearly every product has warrantees and guarantees about meeting the specific requirements related to that particular product. There is also a warranty regarding the defects in the products and the materials bought and they usually have a limited warranty which is restricted to certain days. Additionally there is a warranty for merchandise and for the fitness for specific goods. Furthermore, guarantee is also a contract between 2 or more than 2 parties and is a valuable agreement. And guarantee can be made or applied even if you don’t have a warranty. Similarly, warranty can be given with guarantee. When a person claims his warranty then it is necessary for the seller to act accordingly. Also there is warranty data which actually contains the supplementary data and different claims. Warranty can be of many types like car warranty which usually are for 5 years, home warranty which is related to the costs of the appliances at home example when we have a problem with the furnace, technician or with any other appliances them the company who has offered the warranty pays for all the services.

Comparison Chart

WarrantyGuarantee
MeaningTermed as surety in a written form which is referred to as a written guaranteeTo provide surety or security regarding certain agreements
SynonymPromiseAssurance
FormatAlways writtenNot always written
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Definition of Warranty

A warranty is term as surety in a written form which is referred to as a written guarantee. It is always a legal contract. There is implied warranty which is an unwritten promise depending on the type of the transaction made. Moreover there is warranty of a merchandise and also warranty regarding the fitness for particular resolution. Mostly we see warranty on goods regarding the defects in certain goods and if we find a defect we claim our warranty, so there are limited warranties which are restricted to certain days. But on the other hand there are also lifetime warranties. If there is a breach of warranty then the buyers can sue the company. Warranty can be of many types like car warranty which usually are for 5 years, home warranty which is related to the costs of the appliances at home example when we have a problem with the furnace, technician or with any other appliances them the company who has offered the warranty pays for all the services. There is also warranty data which actually contains the supplementary data and different claims. Where the claim data consists of all the records of claims made by the buyer and the supplementary data is related to the data related to the marketing and production.

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Definition of Guarantee

The word guarantee is an old French form which means ‘warrant’ also from the Germanic word which is ‘wahren’. Guarantee is to provide surety or security regarding certain agreements. Also warranty is a type of guarantee. The surety can be between two parties or even a group. Guarantee is also a contract between 2 or more than 2 parties and is a valuable agreement. And guarantee can be made or applied even if you don’t have a warranty. As guarantee is also considered as a contract so it has different meanings in different countries like in England there is collateral contract, in US there is difference between the two terms ‘surety’ and ‘guarantor’, in India the guarantee can be oral or written, in Sri Lanka, Australia and Jamaica the guarantee requires to be written. Similarly there are different civil laws and codes regarding guarantee in different countries. The term guarantee is also linked with liability which comprise of different terms and conditions.

Differences in a Nutshell

  1. A warrantee is termed as surety in a written form which is referred to as a written guarantee; guarantee is to provide surety or security regarding certain agreements.
  2. Warrant is a promise; guarantee is assurance.
  3. Guarantee can also be a promise; warranty can be a type of guarantee.
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Comparison Video

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Conclusion

Two terms which can be considered similar but actually are different from each other and the ones who seem different but mean similar can exist. But very rarely, there are the ones which have both the issues. Warranty and Guarantee are those, and this article has tried best to lay out the differences between them and help people to know the meaning properly.

Aimie Carlson

Aimie Carlson is an English language enthusiast who loves writing and has a master degree in English literature. Follow her on Twitter at @AimieCarlson

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