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The following are the major differences between condition and warranty in business law: A condition is an obligation which requires being fulfilled before another proposition takes place. A warranty is a surety given by the seller regarding the state of the product.
What is the main difference between condition and warranty? A condition within a contract is a pivotal component, and any breach of it grants the affected party the right to terminate the contract. In contrast, a warranty represents a secondary commitment, assuring the quality, performance, or suitability of a product or service.
While both condition and warranty provide assurances to the buyer, there are significant differences between the two that impact consumer rights and responsibilities. Firstly, conditions are fundamental to the agreement between the buyer and the seller, whereas warranties are additional promises made by the seller.
Sep 4, 2024 · Key Takeaways. Conditions are more significant than warranties and are directly tied to the purpose of the contract, while warranties are supplementary assurances. Conditions are integral to the contract’s purpose and affect its validity and enforceability.
Main Differences Between Condition and Warranty. Conditions are terms, provisions, and obligations fulfilled by the seller and buyer while entering a contract of sale, while a warranty is the assurance of the product for its fitness, quality, and performance.
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.
Jul 14, 2023 · This article explores the differences between conditions and warranties in terms of their legal nature, type of promise, enforceability, impact on the agreement, duration, focus, disclosure, scope, and legal requirements. It also answers common questions about the differences between the two.
