Definition from Nolo’s Plain-English Law Dictionary
1) In consumer or commercial transactions, a guarantee about the quality of goods or services made by a seller, such as, "This item is guaranteed against defects in construction for one year." Most express warranties come directly from the manufacturer or are included in the sales contract. 2) An assurance or promise made by a contracting party.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm