Define: Absolute Warranty

Absolute Warranty
Absolute Warranty
Quick Summary of Absolute Warranty

Absolute warranty is a seller’s guarantee to a buyer that goods or property are free from defects and encumbrances. It ensures the seller’s liability for any issues post-sale, regardless of awareness. The buyer is entitled to remedies such as repair, replacement, or refund for breaches. This warranty is common in sales of new goods or real estate, offering maximum buyer protection.

What is the dictionary definition of Absolute Warranty?
Dictionary Definition of Absolute Warranty

Absolute Warranty:

An absolute warranty refers to a type of warranty that guarantees the complete and unconditional performance or quality of a product or service. It provides the highest level of assurance to the buyer, ensuring that the product or service will meet all specified requirements and perform as intended. Unlike limited warranties, which may have certain exclusions or conditions, an absolute warranty leaves no room for ambiguity or exceptions. In the event of any defects or failures, the seller or manufacturer is obligated to fully compensate the buyer, either by repairing, replacing, or refunding the product or service. The absolute warranty serves as a strong consumer protection measure, instilling confidence in the buyer and holding the seller accountable for the promised performance or quality.

Full Definition Of Absolute Warranty

Absolute warranty is a type of warranty that provides the highest level of protection to the buyer of a product. It guarantees that the product is free from any defects in materials or workmanship and will perform as intended. Unlike limited warranties, which may have certain exclusions or limitations, an absolute warranty covers all aspects of the product and does not have any restrictions. If a defect is discovered during the warranty period, the seller or manufacturer is obligated to repair or replace the product at no cost to the buyer. This type of warranty gives the buyer peace of mind and ensures that they are fully protected in case of any issues with the product.

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This glossary post was last updated: 29th March 2024.

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