When you buy a TV and you have a written promise that it will be repaired for free if it breaks within the first year, this is an example of a warranty.
When enter into a contract to buy a house and you are aware of a law protecting you from dishonest sellers, the unwritten guarantee of truth that is assumed as a part of the contract is an example of a warranty.
If they disobey precept, that is no excuse to us, nor gives us any warranty . . . to disobey likewise. -Kettlewe.
- A guarantee or an assurance, explicit or implied, of something having to do with a contract, as of sale; esp., the seller's assurance to the purchaser that the goods or property is or shall be as represented and, if not, will be replaced or repaired, usually within a specified period of time.A ten-year warranty.
- A guarantee by the insured that the facts are as stated in regard to an insurance risk, or that specified conditions shall be fulfilled: it constitutes a part of the contract and must be fulfilled to keep the contract in force.
- A covenant by which the seller of real estate assures, and is bound to defend, the security of the title.
Origin of warranty
- Middle English warantie from Old North French from feminine past participle of warantir to guarantee from warant warrant wer-4 in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition