Guarantee and Warranty
- (a)Guarantee is an agreement and warranty is a service contract
- (b)Guarantee is a business agreement and warranty is a service contract
- (c)Guarantee is a promise and warranty is a service contract
- (d)Guarantee is acceptance and warranty is a service contract
Correct — C, guarantee is a promise and warranty is a service contract. A guarantee is essentially a promise or assurance that something will be done or is as claimed; a warranty is a written contract to repair or replace a product. Option (c) captures 'guarantee = a promise' most precisely.
- (a)Guarantee is an agreement and warranty is a service contract — Calls a guarantee 'an agreement', which is vaguer than 'a promise' and does not capture the assurance sense.
- (b)Guarantee is a business agreement and warranty is a service contract — 'a business agreement' narrows a guarantee wrongly — it is a promise or assurance, not specifically a business deal.
- (d)Guarantee is acceptance and warranty is a service contract — 'acceptance' does not define a guarantee, which is a promise or assurance.
A 'guarantee' is a promise or assurance, while a 'warranty' is a written service contract on a product, so the options differ only in how they define guarantee.
No directly related past PYQ was found.
- practice — not a real PYQ
Which best defines a 'warranty'?
- (a)A spoken promise
- (b)A written contract to repair or replace a product
- (c)A cash refund
- (d)A discount coupon
Answer(b) A written contract to repair or replace a product — the standard meaning of a warranty.
- practice — not a real PYQ
A 'guarantee' is closest in meaning to —
- (a)an assurance or promise
- (b)a payment
- (c)a receipt
- (d)a discount
Answer(a) an assurance or promise — a guarantee assures that something will be done or is as claimed.