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Whether an extended service plan is worth the extra cost depends on the item and the perceived value by the consumer. Basic service plans on desktop computers, for example, typically come close to the actual average repair cost of a system, with the retailer using the service plan as a way to keep the customer from going to a competing service center.
Tile, Inc. (stylized as tile) is an American consumer electronics company which produces tracking devices that users can attach to their belongings such as keys and backpacks. A companion mobile app for Android and iOS allows users to track the devices using Bluetooth 4.0 in order to locate lost items or to view their last detected location. [ 1 ]
All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.
Service life is not to be confused with shelf life, which deals with storage time, or with technical life, which is the maximum period during which it can physically function. [3] Service life also differs from predicted life , in terms of mean time before failure (MTBF) or maintenance-free operating period (MFOP).
By 1990, Florida Tile was sold to Premark International Inc. for $201 million. In 1999, Illinois Tool Works bought Premark with a stock purchase. ITW later identified Florida Tile as a non-core business and hired CS First Boston to sell the company in March 2002. The auction was unsuccessful as Florida Tile was underperforming at the time. [2]
A "service contract" is different from a warranty because service contracts do not affirm the quality or workmanship of a consumer product. A service contract is a written instrument in which a supplier agrees to perform, over a fixed period or for a specified duration, services relating to the maintenance or repair, or both, of a consumer product.
In law, a warranty is an expressed or implied promise or assurance of some kind. The term's meaning varies across legal subjects. [1] In property law, it refers to a covenant by the grantor of a deed. [2] In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured. [3]
Year 1491 was a common year starting on Saturday of the Julian calendar. Events. January–December. January 2 – ...
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