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The term indemnity normally is used in context to insurance. Indemnity means putting the party in the same financial position before he/she has entered into a contract. In other words Indemnity is to make good a loss. Most insurance contracts are based on the principle of Indemnity. So when you take out an insurance policy the Insurer (ie the Company) will shield you from financial loss if a specified event happens and you fulfill all the laid conditions. Warranty is normally used in connection to a product. It is a promise to make something work properly, to maintain its usefulness or performance for a period of time. The seller is under obligation to repair or provide a replacement if the product / serice doesnot perform as intended. The term indemnity normally is used in context to insurance. Indemnity means putting the party in the same financial position before he/she has entered into a contract. In other words Indemnity is to make good a loss. Most insurance contracts are based on the principle of Indemnity. So when you take out an insurance policy the Insurer (ie the Company) will shield you from financial loss if a specified event happens and you fulfill all the laid conditions. Warranty is normally used in connection to a product. It is a promise to make something work properly, to maintain its usefulness or performance for a period of time. The seller is under obligation to repair or provide a replacement if the product / serice doesnot perform as intended.
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Difference between nature of condition and warranties?
difference between nature of conditions and warranties
What is the difference between reps and warranties in a contract?
Reps are statements of fact made by one party in a contract, while warranties are promises or guarantees about the quality or condition of something being sold. Reps are typically made at the time of contract formation, while warranties are ongoing assurances that certain conditions will be met.
What is the difference between HP computers and other computers?
Fundamentally there is no difference between an HP computer and an IBM compatible computer. They both use the same type of technology and software. The differences will be in how much memory, hard disk space they have, the prices, and the warranties.
What kind of warranty does Cellet offer?
Cellet offers different warranties on their different products, there are lifetime warranties, limited warranties, 3 year and 1 year warranties. All warranties are subject to proper use and not abusing the item in order for the warranty to remain valid.
Are all warranties unilateral contracts and are all unilateral contracts warranties?
no and no
Are exhaust manifolds covered by warranties?
Exhaust manifolds should be covered by warranties.
How do Largo Furniture warranties compare to Huntington USA Furniture?
The Largo warranties are not as good as Huntington, which provides five year warranties for all their furniture.
What is difference between as on and as at?
difference between as on and as at
What is the difference between performance bond and collateral warranties?
CW offers contractual rights to a 3rd party to redress non-performance through the terms of the contact. Performance Bond is a sum held in surety that can be called upon in the event of the contractor not performing in accordance with the contract
Are warranties still in effect after a car is reinstated?
warranties have nothing to do witha repo. YES is your answer
What is the warranty for Canon copiers?
Warranties for Canon printers and copiers vary, from 90 day warranties for cheaper models to one or two year parts and labor warranties for Canon models at the top of their line, and extended warranties can be purchased as well.
Where can auto warranties be found?
Auto warranties can be found through auto warranty companies. There are many companies that offer auto warranties, such as The Auto Warranty Agency, and MBPI.
