Yahoo India Web Search

Search results

  1. People also ask

  2. 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.

  3. 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.

  4. 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.

  5. Condition and warranty are two important concepts in contract law. A condition is a fundamental term of a contract that goes to the root of the agreement. It is a crucial element that must be fulfilled for the contract to be valid.

  6. In a contract of sale, parties may make certain statements about the stipulation or the course of trade. These stipulations in the contract of sale are made with reference to the subject matter of the sale. These stipulations may either be a condition or in the form of a warranty.

  7. The condition is the fundamental stipulation of the contract of sale whereas Warranty is an additional stipulation. In other words, condition is the arrangement, which should be present at the time of happening of another event.

  8. Condition and warranty (Section 12): A stipulation in a contract of sale with reference to goods which are the subject thereof may be a condition or a warranty. [Sub-section (1)] “A condition is a stipulation essential to the main purpose of the contract, the breach of which gives rise to. a right to treat the contract as repudiated”.