what is an example of a warranty 
imagine you purchase a new television in the box with the instructions you find a document that explains what the manufacturer will do if you experience specific issues within a certain time frame the bottom linea warranty is a guarantee from a manufacturer or seller that defective products will be repaired or replaced the warranty sets forth the terms and conditions to which the warranty applies as well as exclusions there are two types express and implied with many sub types in each category designed for specific products and services in the u s the magnuson moss warranty act and the ftc s uniform commercial code provide rules on consumer product warranties 16 if you experience a problem covered by a warranty contacting the seller or manufacturer is the first step to resolving the issue you can contact the ftc or file a lawsuit if they can t or won t fix a matter covered by the warranty 