Click on the image above to download a complete copy of this publication in PDF format. Download a free copy of the Adobe Acrobat Reader. It tells what will be done if a problem develops within a certain time period. Warranties vary in the amount of coverage they provide. So, just as you compare the style, price and other characteristics of competing products before you buy, also compare their warranties.
Businesses offer warranties for various reasons.
As a promotional device, they can help consumers differentiate between competing products and help foster brand loyalty. From a management stand-point, warranties can act as a corporate commitment to customer satisfaction. At the same time, they can also help limit the manufacturer's or seller's liability. Written Warranties Written warranties come with most major consumer purchases, although they are not legally required. Federal law does require that, where a written warranty is provided, it must meet certain requirements.