Warranty of Misinforming as an Option in Product Utilization Process

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Copyright: 2024
Pages: 16
Source title: Quantitative Measures and Warranty Coverage of the Risk of Misinforming
Source Author(s)/Editor(s): Dimitar Grozdanov Christozov (American University in Bulgaria, Bulgaria)
DOI: 10.4018/978-1-6684-8800-3.ch018

Keywords: Communications Theory / Information Science Reference / Information Value & Quality / Library & Information Science

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Abstract

The option is a term used in finance to mark a buyer's right, but not obligation, to acquire a product or service in preliminary agreed conditions. The chapter views the warranty of misinforming as an option, by offering the client rights to return the product after given period for utilization. The warranty of misinforming provides rights but not obligations of the client to use the service. As in the options of finance, the client needs to pay for the right to use the service in the future.

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