Search results
People also ask
What is warranty and condition in contract law?
What is the difference between a warranty and a contract?
What is a warranty agreement?
What is a warranty in a contract of sale?
What is Warranty in Contract Law? 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.
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.
Sep 19, 2022 · Warranty and condition in contract law refer to specific stipulations set in a contract of sale. A contract is an agreement that takes place between two parties to complete a mutual transaction. Warranty and condition include the specific features of those terms.
Sep 4, 2024 · A warranty is a written guarantee that a seller issues to a buyer regarding particular claims. The claims must be factual and valid. An example of a warranty is a seller committing to replace or repair a product within a specified time if it doesn't meet the expected performance.
Jun 17, 2020 · The whole contract is based upon the condition which is a fundamental precondition and on other hand, warranty is a written guarantee where the seller assures to repair or replace a product which in the case shows any fault in future until a certain period.
A warranty is a guarantee on the good that comes as part of the sales contract, but contract law treats warranties as an additional form of contract that binds the selling party to undertake a certain action.
A warranty agreement is a specific contract type that guarantees the quality and performance of products or services to the buyers or recipients through paper. Two or more parties often sign this agreement that outlines the terms and conditions provided by a seller or service provider to the buyer or recipient.
