A ruler is one of the most common measuring instruments. It comes in many sizes and shapes, depending on what it is needed for. The yardstick is a long ruler (3 feet long), and a measuring tape is yet another type of ruler, made of...
To be a binding contract, there must also be an offer and acceptance that involves the exchange of promises to act and/or provide goods, services or money. The act, promises, goods, services and/or money are called âconsideration.â In order to have a binding, enforceable contract, there must be consideration.
The big difference between a warranty and a service contract is the cost. A warranty is something that a manufacturer includes as part of the purchase price of the item. service contract is like a warranty except that it is an additional item that you purchase separate from the commodity it covers. Many companies call it an extended warranty. The service contract adds to the level of protection that you get on top of your regular warranty.