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A warranty is a surety given by the seller regarding the state of the product. The term condition is defined in section 12 (2) of the Indian Sale of Goods, Act 1930 whereas warranty is defined in section 12 (3). The condition is vital to the theme of the contract while Warranty is ancillary.
Sep 4, 2024 · The difference between warranty and condition in contract law is essentially this: conditions are indispensable to the agreement, while warranties are not. What Is a Condition? Conditions are certain obligations, terms, and provisions imposed by both parties.
Oct 21, 2024 · The conditions and warranties play an important role as they define the terms and conditions of the contract. It is very easy to get confused between them as they sound similar to each other, but in reality, they have different legal meanings. It is important to understand the difference between the two terms. Once the difference is understood ...
Feb 13, 2020 · Section 11 to 17 of the Sale of Goods Act enlightens the provisions relating to Conditions and Warranties. Section 12 of the Act draws a demarcation between a condition and a warranty. The determination of condition or warranty depends upon the interpretation of the stipulation.
A condition is an obligation that must be met before another event occurs, whereas a warranty is a seller’s guarantee regarding the product’s condition. In the Indian Sale of Goods Act 1930, section 12 (2) defines a condition, while section 12 (3) defines a warranty.
Aug 22, 2023 · Difference between Condition and Warranty: Conditions are fundamental terms that directly influence the essence of a contract. Breach of a condition entitles contract termination. Conversely, warranties are ancillary assurances, breach of which allows for claims but not contract termination.
Conditions go to the root of a contract while warranties enhance what is being outlined in the agreement. Therefore, while breaches of conditions can lead to a contract being declared void, failure to meet warranties allows for compensation or damages to be collected.
