Question:
_______ is a written assurance of the manufacturer given to the purchaser at the time of purchase of an equipment that it is free from any manufacturing defect and manufacturer agrees to replace or repair free of cost, with in a specified period.
_______ is a written assurance of the manufacturer given to the purchaser at the time of purchase of an equipment that it is free from any manufacturing defect and manufacturer agrees to replace or repair free of cost, with in a specified period.
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Remember, warranty specifically pertains to the quality of goods and the manufacturer's commitment to rectify any defects during a defined timeframe.
Updated On: Jun 9, 2026
- Warranty
- Guarantee
- Bond
- Marketing
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The Correct Option is A
Solution and Explanation
Step 1: Concept
A warranty is a legal guarantee provided by the manufacturer to the purchaser that the product is free from any manufacturing defects. It ensures that if such defects arise within a specified period, the manufacturer will replace or repair the product without additional cost.
Step 2: Meaning
Warranty means an assurance given by the seller to the buyer that the goods are of satisfactory quality and do not have any hidden faults at the time of sale. If any manufacturing defect is found during the warranty period, the manufacturer is obligated to rectify it free of charge.
Step 3: Analysis
Option A: Warranty - This option correctly describes a written assurance from the manufacturer that the equipment is free from defects and will be repaired or replaced within a specified period. Option B: Guarantee - While similar in meaning, "guarantee" typically refers to a promise about the performance of goods or services rather than specifically addressing manufacturing defects. It can sometimes overlap with warranty but does not capture the exact definition given in the question. Option C: Bond - A bond is a financial instrument used for securing loans or other obligations and does not relate to product quality assurance. Option D: Marketing - This term refers to the promotion of products and services, which has no direct relation to the legal assurances provided by manufacturers.
Step 4: Conclusion
The correct answer aligns with the definition provided in the question, where a manufacturer assures the purchaser that the equipment is free from manufacturing defects and agrees to replace or repair it without cost within a specified period. Final Answer: (A)
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