Awarranty is a

written guarantee that states an item will be fixed or replaced under certain conditions

guarantee by word of mouth that an item will be replaced if it breaks

restriction to when and in what situations a product may be returned

consumer right that protects consumers against faulty parts

written guarantee that states an item will be fixed or replaced under certain conditions

Explanation:

A warranty by definition is a written guarantee that states an item will be fixed or replaced under certain conditions. Examples of warranties include elements of houses or cars. Warranties reduce consumers' risk by protecting against failure and risk.