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  2. A warranty in contract law is a promise or guarantee from one party to another that the facts are true and reliable. A contractual warranty is a obligation that the facts that relate to the subject of the contract are true.

  3. In general, a warranty is a promise, assurance, or statement made by the party (warrantor) regarding the existence or accuracy of specific facts or the condition, quality, quantity, or nature of a good or property. An express warranty and an implied warranty are both legally binding commitments.

  4. Oct 7, 2021 · “Warranties” in the context of contracts means a particular type of contractual term. Because courts can have different ways of enforcing contracts or awarding damages, there has been a historical evolution of three “levels” of contractual term, each with its own remedies. There are two basic remedies for a breach of contract.

  5. Oct 7, 2021 · “Warranties” in the context of contracts means a particular type of contractual term. Because courts can have different ways of enforcing contracts or…

  6. Feb 24, 2024 · Warranties are assurances or guarantees that certain facts or conditions about the subject of the contract are, or will be, true. They are part of the contract’s terms and provide a basis for the contract’s performance. Characteristics of Warranties.

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  7. Mar 30, 2019 · A warranty is a promise that a particular statement made is true at the date of the contract. That said, it can relate to current and/or future conduct and/or facts. A good example of the former is: ‘the Supplier warrants that it has sufficient Stock to fulfil the Distributors’ Orders in connection with this Agreement’.

  8. Sep 19, 2022 · In a contract or business agreement, the representations and warranties act as assurances given by one party to the other. While the actual contract and terms of the agreement may differ, the ideas of representation of facts and warranty to protect the involved parties are the same across all contracts.