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Difference between guarantee and guarantee

diciembre 3, 2019

The market invaded by millions of products, of the same nature, type, size and quality, which make it difficult to choose one product over the other. As a buyer, you can specify the product of your choice by setting a standard for production entities. In this context, the term warranty quite commonly used. It implies a formal guarantee given to the customer regarding the condition of the product and declares that the manufacturer will be responsible for the repair or replacement, if found defective.

The guarantee is often confused with the term warranty, which implies a commitment made by the seller regarding the quality of the product. The main difference between guarantee and guarantee that while the first written, the second implicit.

Before buying any product in traditional or online mode, you should know the difference between warranty and guarantee, in order to safeguard the interest and also avoid deception.

Comparative graph

Basis for comparison Guarantee Guarantee
SenseThe guarantee is a promise made by the manufacturer, to the buyer, who in the event that the lower quality product will be repaired, replaced or the money deposited will be refunded.The guarantee is a written guarantee that the facts specified in the product are true and genuine, but if they are not, they will be repaired or replaced.
What is it?Commitmentwarranty
Applicable toProduct, service and people.Product only
Terms of saleIt may or may not be a condition of saleCondition of subsidiary sale, which may be expressed or implied.
validityIt can be oral or written.Generally written and therefore easy to prove.
CostWithout costsThe buyer must pay for the guarantee.
TermIt varies from article to articleLong term
Refund (in case of default)sNo

Definition of guarantee

The guarantee defined as the promise for the post-sales performance of the product or service. It states that the manufacturer has promised the content, quality or performance of the product and if the obligation is not met, the manufacturer will replace or repair the product or money paid, as it will be reimbursed. Although, valid only up to a fixed time. The guarantee is added to the consumer's rights.

In the guarantee contract, there are three parties, namely the surety, the principal debtor, the creditor in the event that the producer acts as a surety, if the performance of the product is lower than the average.

Definition of guarantee

The guarantee defined as a guarantee provided by the manufacturer or seller to the buyer that the facts specified on the product are true. a collateral condition to the main objective of the contract. Specifies that the particular product complies with the standard, ie quality, suitability and performance. It applies to tangible objects such as machines, electronic equipment, etc.

If the product does not meet the established standards, the manufacturer will repair or replace the defective part, or it will be completely replaced. There are two types of warranties, namely express or implied.

Key differences between guarantee and guarantee

The main differences between warranty and warranty are described below:

  1. The guarantee is a promise made by the manufacturer, to the buyer, that in the event that the product is less than the specified quality, it will be repaired, replaced or the money deposited will be repaid. The guarantee is a written guarantee that the facts specified in the product are true and genuine, but if they are not, they will be repaired or replaced.
  2. The guarantee is a kind of commitment assumed by the producer for the buyer of goods, while the guarantee is a guarantee provided to the buyer by the producer of the goods.
  3. The guarantees can be oral or written, in which oral guarantees are very difficult to prove. Contrary to the guarantee, which is usually written and so, can be easily demonstrated.
  4. The guarantee covers the product, the service, the people and the satisfaction of the consumer while the guarantee covers only the products.
  5. The free warranty. On the other hand, the customer should have to pay the guarantee to safeguard the interest.
  6. A relatively less formal guarantee than a guarantee.
  7. The warranty term varies from article to article. On the contrary, the long-term guarantee or any product or part of the product.
  8. In the event of a guarantee, reimbursement is possible, if specifically indicated, however, this is not possible under warranty.
  9. A guarantee a subsidiary sales condition, which can be expressed or implied. On the other hand, the guarantee may or may not be a condition of sale.

Conclusion

After the in-depth discussion above, we can say that to some extent the warranty and guarantee are similar, as both talk about product performance, but they are not the same thing.

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