| A Guarantee is a promise or formal assurance that attests to the quality of a product. It is generally given in writing by the company or verbally by a person selling the product. It says that a product will be repaired, replaced or money will be refunded if it is not of a specified quality. Which of the following situations is the best example of the Guarantee? |
Tom bought a cell phone with the highest consumer ratings in its category. The salesperson assures Peter that he is buying a camera with a guarantee. Peter buys a used camera from John. John assures that it is a quality product and he will refund the money if the camera does not work properly. The auto body shop is specialized in refurbishing and selling used cars. |
| Peter buys a used camera from John. John assures that it is a quality product and he will refund the money if the camera does not work properly. |
| In option C, John assures Peter that he is buying a quality product and the money will be refunded if the camera lacks in performance. |