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Warranties vs. Guarantees: Definition & Differences

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Guarantees _____.

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1. Implied warranties _____.

2. Which of the following are often available for consumers to purchase?

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About This Quiz & Worksheet

What are the differences between guarantees and warranties? Use the quiz and worksheet to compare and contrast these terms quickly.

Quiz & Worksheet Goals

You will be quizzed on the following topics:

  • Implied warranties
  • Something often available for consumers to buy
  • The meaning of a guarantee
  • What guarantees provide in a financial sense
  • Something that has out-clauses if a product is misused

Skills Practiced

  • Distinguishing differences - compare and contrast main topics, such as warranty and guarantee
  • Defining key concepts - ensure that you can accurately define main terms, such as implied warranty and guarantee
  • Information recall - access the knowledge you have gained about something that has out-classes if a product is misused

Additional Learning

Warranties vs. Guarantees: Definition & Differences is a lesson that can help you review more about these terms. Some objectives you can cover include:

  • Understand why guarantees exist
  • Review the conditions of a warranty
  • Look at examples of a warranty
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