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Warranties and Guarantees

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A warranty or guarantee is given to the purchaser by a product manufacturer or provider of a service with the understanding that the manufacturer or provider will replace or repair a defective product or make good an ineffective service within a predetermined span of time. Popularized by national retailers and automobile manufacturers over the last few decades, written or implied warranties have become virtually standard and necessary to secure the trust of consumers.

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Copyright © 2011 Advameg, Inc.