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The importance of warranties is highlighted in the video tutorial, emphasizing that they are promises made by a seller about the product's quality. Understanding warranties helps determine responsibility when a product breaks. Specific questions warranties address include who is responsible, what their responsibilities are, and how long they have those responsibilities. There are two types of warranties: Express warranties, which are guarantees made by the seller, and implied warranties. Express warranties are usually found in the user manual and are crucial for protecting consumers and companies alike.
