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guarantee

Guarantee is a legal term more comprehensive and of higher import than either warranty or "security". It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him. It may also designate a treaty through which claims, rights or possessions are secured. It is to be differentiated from the colloquial "personal guarantee" in that a guarantee is a legal concept which produces an economic effect. A personal guarantee by contrast is often used to refer to a promise made by an individual which is supported by, or assured through, the word of (speak enough) the individual. In the same way, a guarantee produces a legal effect wherein one party affirms the promise of another (usually to pay) by promising to themselves pay if default occurs.
At law, the giver of a guarantee is called the surety or the "guarantor". The person to whom the guarantee is given is the creditor or the "obligee"; while the person whose payment or performance is secured thereby is termed "the obligor", "the principal debtor", or simply "the principal".
Suretys have been classified as follows:

Those in which there is an agreement to constitute, for a particular purpose, the relation of principal and surety, to which agreement the secured creditor is a party;
those in which there is a similar agreement between the principal and surety only, to which the creditor is a stranger;
those in which, without any such contract of suretyship, there is a primary and a secondary liability of two persons for one and the same debt, the debt being, as between the two, that of one of those persons only, and not equally of both, so that the other, if he should be compelled to pay it, would be entitled to reimbursement from the person by whom (as between the two) it ought to have been paid.

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  1. J

    Alpha Boiler with 13 Year Guarantee

    Evening Gents! Just seen that Alpha are offering a 13 year guarantee on the E Tec Plus Combi boiler when you fit their Premierpack (Jig and filter combination). I am all about the longest warranty for the cheapest price....but..... Well. What is the opinion of Alpha here? I generally fit...
  2. M

    Worcester Bosch Guarantee

    Had a WB Greenstar 30 Si fitted end of July with installers invoice stating a 10 year guarantee. Have received an email from WB acknowledging registration of the products guarantee but absolutely no details of time span or terms and conditions. Can't seem to get any sense from their...
  3. B

    Commissioning checklist incorrect. Is guarantee valid?

    I had a new boiler fitted December 17 The commissioning checklist is not signed;central heating mode section not filled in;domestic hot water section has incorrect temperature written in(wasn't 50 degrees) so he couldn't have measured it. I am concerned the boiler may not have a valid...
  4. P

    Unvented cylinder guarantee.

    Watch out for this one, haven't resolved yet. Put in unvented cylinder for customer who wanted long 25 year guarantee. Cylinder installed as vented as they were willing to pay the extra. 2 years on cylinder develops a leak and customer told by manufactures there is no guarantee as cylinder is...
  5. eagleeye

    Glow worm ultracom

    One of my guys installed a Glow worm ultracom 2 in a flat just over 2 years ago. Everything has been fine until last Friday when I get a call saying water was pouring out the bottom of boiler. Had one of my other guys go look at it and he said water had stopped but when he topped it up water...
  6. F

    Guarantee on work

    Evening guys - Haven't posted for a long time (hope you will have me back lol :smiley2: ) Having a little run in with a customer I did a bathroom refurb for last November. She bought a cheap bathroom suite from Victoria Plum - Needless to say the cistern parts were cheap and nasty. The flush...
  7. W

    How long do you guarantee unblocking things?

    Basin was blocked solid and I poked and plunged until it was running 100% perfectly. One month later it's running slow. Can't see inside waste pipe and so I suppose I could have removed just enough for it to drain properly but not enough to stop it blocking again? But I'm thinking maybe they're...
  8. plumb_know

    What guarantee do you give on your work

    Hi, was just wondering what guarantee people are giving on their work? I was thing of 12months guarantee on my workmanship and fittings supplied by me. But I am going to do drainage work and was thinking there is no way I can guarantee drains for a year as it all depends on what customers are...
  9. B

    manu guarantee

    opgo (I think) have complained that these long manu guarantee,s are coming home to roost and the manu are asking the cust to contact the installer and get the installer to check its the boiler not the system in effect a free check as the manu wont reimburse you for your time has anyone had this...
  10. martind

    Which specific MODEL from these 3 makes please?

    I’ve got British Gas coming this week to do a boiler survey under the grant scheme. Apparently the surveyor decides on which specific boiler is going to be installed. I’ve been told that it will be one of 3 makes-Vaillant, Potterton and Ideal. I am aware that the Ideal boiler from a couple of...
  11. D

    Open vented system to sealed system Waiver.

    Does anyone fit a lot of combis to old open vented systems and can they provide a copy of their 'waiver' in respect of 'Our price will not include the repairs that maybe required to the existing system with the increased pressure, etc, etc....' Thanks chaps.
    • Dickie
    • Thread
    • covered existing guarantee open vented pressure sealed sealed system system vented
    • Replies: 6
    • Forum: Plumbing Jobs | The Job-board
  12. G

    No money back guarantee....

    Going to hobble into church this weekend and ask God for a refund. Obviously the bloke knew nowt about 2 part ladders or he'd have intervened. :prrr:
  13. N

    shower pumps

    Can anyone recommend a good shower pump manufacturer as we have used s/turner for years but we have had a leak from one and they are not willing to change it so time to move on.
  14. F

    Has anyone had any experience utilising Speedfit guarantee?

    I have been using jg speedfit for a number years now and until recently have had no major problems. However, i have just been called to a job i completed a couple of months ago because the boiler had lost pressure. I attempted to top the pressure back up only to find it wont pressurise. I...
  15. M

    Push fit guarantee

    We tend not to use any push fit but has anyone got any experience with push fit going wrong? For example Push fit stop end popping off, who would the liability be with? Us or manufacturer - this hasn't happened but just wondering if we used plastic stop ends to temp isolate copper for a...
  16. S

    Snap-on tools

    Can somebody please tell me why snap-on tools are so expensive? Was just looking on e-bay and even second-hand is over the top!
  17. T

    Worcester oil boiler guarantee question

    Story: Currently picking up alot of Oil servicing work, the company I worked for; for two years went bust Last year. I Deceided to go self employed about six months ago, my ex boss handed me all off his customer base and oil and gas work, all the boilers we did were worcester and i have taken on...
  18. D

    tool for cutting a floorboard

    which tool would/do you use to cut 1/ several floorboard/s to gain access ? sabre saw? multitool ? circ 240v/batt ?
  19. P

    bit of advice re any guarantee

    i did a bathroom suite for a property developer.and during installation he was complaining about the old water stains on the 40 year old ceiling below.anyway i fitted the suite and checked every joint at least ten times. even went back next day to replace the bath trap.i showed him everything...
  20. S

    Where to Purchase vaillant Eco Tech Plus 831 on 5 year Guarantee

    Where can I purchase the vaillant eco tech plus 831 with a 5 year guarantee? I am purchasing this, for a job, as I am not a plumber. I have asked a plumber to do this this, as I am only paying for parts.
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