Answer: Warranty
Contracts that protect consumer’s rights against faulty goods are known as warranty.
Explanation:
Warranty refers to statement of assurance that a manufacturer makes in regard to the condition of its product or good. It states the conditions and period under which the manufacturer or producer will repair the defective item without cost to the customer. It can also be said to be a written guarantee for a good which makes the manufacturer of the good responsible for the repair of a defective good.