Which of the following is true about warranty limitations?

The statement that warranties do not cover obsolescence of products accurately reflects a key aspect of warranty limitations. Warranties are typically designed to cover defects in materials or workmanship and ensure that a product operates as intended. However, they do not cover situations where a product becomes obsolete due to advances in technology or changes in consumer demand. This means that once a product is no longer the latest version or is outdated, a warranty is not responsible for offering coverage or replacement simply because a better product has emerged.

In the context of warranties, it's essential to understand these limitations, as they help set the expectations of consumers regarding what is included under the warranty terms and what is not. Warranties focus on the product's functionality and reliability at the time of purchase, not on the evolution of the market or changes in consumer preference that might render a product less desirable over time.