In the following items, a pair of words is provided. You are required to select the option that most appropriately describes the meaning of both the words and mark your response on the Answer Sheet accordingly. Guarantee and Warranty

Step-by-step solution

A guarantee is a formal promise or assurance that certain conditions will be fulfilled, such as the quality or durability of a product. A warranty is a written guarantee or a service contract issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time. Therefore, a guarantee is a promise and a warranty is a service contract.