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When do you record warranty expense?
When its returned within the warranty period.
What is the definition of full warranty?
a full warranty guarantees that if a product is found to be defective within the warranty period, it will be repaired or replaced at no cost to the purchaser.
Which of the following theories has been contended to be the most effective when dealing with issues on downsizing within an organization?
Social contract model of CSR
What is the meaning of back to back warranty?
back to back warranty
What is the difference between an extension and an increase in supply?
Extension in supply is the extension of the vendor contract for a longer duration while increase is the increase within the stipulated time.
Is home warranty working and is effective?
A Home Warranty is a one-year contract that covers major systems and appliances. The home warranty contract covers failures due to normal wear and tear of systems and appliances located within the foundation of the home during the contract term. This is effective and can help you in times of appliance need.
When do you record warranty expense?
When its returned within the warranty period.
Why is a warranty different to a condition of a contract?
warranty and condition are the same basic idea... they both lay out rights and duties for all parties in the contact, and also compensate other party if one party breackes the contract. the only difference is that condition allows for recission of contract (or setting aside the contract) and warranty does not. hope this helps! brie CO
What is the difference between a breach of warranty and a breach of a condition?
A warranty is less important than a condition and does not impact on the main purpose of the contract. A breach of a warranty entitles the injured party to claim for damages ONLY. They may not repudiate the contract. A condition is a major term that goes to the root of the contract. Such term is essentials to the main purpose of the contract and therefore the injured party is entitled to repudiate the contract as well as make a claim for damages.
When a used car dealer give you a service contract can they say the car was sold as-is?
Dealer is selling you the car AS-IS. They are then selling you a service contract from a different company thus the dealer is not the one providing a warranty the service contract provider is the one providing a warranty.
What kind of contract is a part exchange?
A part exchange is a contract for off-site hardware support program for individuals. This contract is for after warranty has expired. The contract is for self maintainace partners.
What is Life time warranty contract?
a life time warranty contract is, a type of warranty that requires the full co-operation from both parties and will last a "lifetime" (usually 25 years depending on the product it is possible to go up to 50 but tat is not too likely).
Can you draw or advance with mt760?
It depends on the condition and warranty listed on the contract of MT760.
What is the definition of full warranty?
a full warranty guarantees that if a product is found to be defective within the warranty period, it will be repaired or replaced at no cost to the purchaser.
Condition or a warranty?
condition is a stipulation between seller and buyer . it goes to root of the contract .if there is breach of condition then seller can treat the contract as reputiated in condition if product is not given according to the satisfication then buyer can clai whole amount and return the product. a condition con be both condition as well as warranty.warranty is an assurance provided to the buyer from the company that their product is free from all the defects. if their is breac of warranty then buyer can claim only demages can not treat contract as repudiated
How would you describe a warranty?
A warranty is part of a business contract. It is essentially a binding promise that the product is fit for its intended purposes, is free of defects, and works.
Which of these is the best description of an expressed warranty?
a written oral contract between consumer and producer a+
