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A Warranty Is a Protection and Information Device Intended to Confirm

question 168

Essay

A warranty is a protection and information device intended to confirm the quality of performance of a good or service.What is the difference between an express warranty and an implied warranty?

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Definitions:

Mutual Fund

An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Deposit

A sum of money placed into a bank account or with a financial institution as a part of a transaction or for safekeeping.

Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Withdraw

The act of removing funds from a bank account or the cessation of investment in a particular asset or undertaking.

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