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What (who) is extended warranty - definition
Extended warranty
PROLONGED WARRANTY OFFERED TO CONSUMERS IN ADDITION TO THE STANDARD WARRANTY ON NEW ITEMS
Extended Warranties; Maintenance Agreements
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer.
breach of warranty
PROMISE SEPARATE FROM A CONTRACT
Breach of warranty; Warranties; Car warranty; System of Warranties; Warranty services; Lifetime warranty; Warrenty; Rep and warranty; Car's warranty; Appliance warranty
n. determination that a statement as to title of property, including real property or any goods, is proved to be untrue, whether intended as a falsehood or not. It can also apply to an assurance of quality of a product or item sold. The party making the warranty is liable to the party to whom the guarantee was made. In modern law the warranty need not be expressed in so many words, but may be implied from the circumstances or surrounding language at the time of sale.
See also: implied warranty warranty
warranty
PROMISE SEPARATE FROM A CONTRACT
Breach of warranty; Warranties; Car warranty; System of Warranties; Warranty services; Lifetime warranty; Warrenty; Rep and warranty; Car's warranty; Appliance warranty
n. a written statement of good quality of merchandise, clear title to real estate or that a fact stated in a contract is true. An "express warranty" is a definite written statement and "implied warranty" is based on the circumstances surrounding the sale or the creation of the contract.
See also: warrant
Examples of use of extended warranty
1. He added dryly: "He took the five–year extended warranty.
2. We‘re still not fans of Apple‘s nearly obligatory extended warranty upsell.
3. Its response, however, captures the dilemma faced by customers offered an extended warranty.
4. Ramkumar, Arab News JEDDAH, 23 February 2007 Saudi–based Gap Corporation (Gapcorp), described regionally as the largest international and local extended warranty provider, on Wednesday signed an agreement with Kia Motors Saudi Arabia to provide extended warranty to all cars sold locally.
5. Mr McClure Fisher added: "Consumers should never take out a manufacturer or shop extended warranty for years two and three of their white good‘s life.