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Autor:  Brecky
E-mail:  não-disponível
Data:  23/DEZ/2007 4:18 PM
Assunto:  Warranty, Guaranty and Gurantee
 
Mensagem: 

Warranty:

The attesting of one party to a contract to the other of reliable facts so that the second party does not need to ascertain such facts  for him or herself. Such assurance carries with it a promise to indemnify the second party for any loss should the particulars of the warranty prove not to be factual. Such a warranty may be express or implied.

 

Guaranty:

A contract whereby one person or corporation becomes liable to perform a specific act or duty for another person or corporation if that person or corporation doesn’t fulfill a responsibility. The responsibility usually is financial. For example, a corporation may guarantee that its subsidiary will fulfill the terms of a contract that the subsidiary signs with one of its customers.

Guarantee:

 

A legal responsibility to pay a bill or fulfill a contract in the event that the company or person who has promised to make the payment defaults. If the guarantor is a corporation, the guarantee is a contingent liability that isn’t recognized on the company’s balance sheet until it appears that it will become an actual liability.

I hope it helps.


 


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 English Made in Brazil -- English, Portuguese, & contrastive linguistics
Warranty, Guaranty and Gurantee  –  Jason 13  22/DEZ/2007, 6:46 PM
Warranty, Guaranty and Gurantee  –  PPAULO  22/DEZ/2007, 8:38 PM
 Warranty, Guaranty and Gurantee  –  Brecky  23/DEZ/2007, 4:18 PM

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