What is the purpose of a warranty in a sale?

A warranty in a sale serves as a promise or guarantee from the seller regarding the quality and condition of a product. When a seller provides a warranty, they assure the buyer that the product will meet certain standards or expectations and will perform as intended. This is crucial for building trust between the seller and the buyer, as it provides a level of security to the buyer regarding their purchase. Warranty terms often outline specific rights and remedies available to the buyer if the product does not meet the promised quality, thereby offering protection against defects or issues that might arise post-purchase.

The focus on a warranty being about product quality directly addresses the buyer's concerns and expectations, reinforcing their confidence in the transaction and ensuring that they can seek recourse if the product fails to meet the specified standards. Thus, the correct answer underscores the critical role of warranties in commercial transactions, which is centered on assuring buyers of product reliability and satisfaction.