What guarantees does a seller provide regarding goods or services?

The correct answer is focused on the concept of warranties, which are legally binding assurances provided by the seller regarding the quality, performance, or nature of the goods or services being sold. A warranty can be express, clearly stated in writing or verbally, or implied, meaning it is understood as a result of the transaction, even if not explicitly stated.

Warranties serve to protect the buyer by ensuring they receive a product that meets certain standards or conditions. For example, a warranty might assure the buyer that a product will function as described for a certain period of time. If the product fails to meet the warranty conditions, the buyer is usually entitled to a remedy such as repair, replacement, or refund.

The other options represent different concepts that do not specifically relate to the guarantees concerning goods or services. Promissory guarantees pertain to commitment assurances often related to performance rather than the nature of goods. Covenants generally refer to written agreements or promises within contracts but do not explicitly denote the quality of goods. Endorsements are typically related to approvals or support for a product or brand rather than legally binding guarantees concerning its qualities. Thus, warranties are the most relevant and accurate term in this context.