Warranty: Difference between revisions
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A statement of a current fact made as a term of a contract. If a warrantor breaches its warranty the injured party might claim damages for the breach - and even terminate the contract and sue for damages, but cannot [[rescind]] the contract. For that you would need a breach of [[representation]]. | A statement of a current fact made as a term of a contract. If a warrantor breaches its warranty the injured party might claim damages for the breach - and even [[terminate]] the contract and sue for damages, but cannot [[rescind]] the contract. For that you would need a breach of [[representation]]. | ||
===Compare=== | ===Compare=== | ||
Revision as of 18:07, 4 January 2016
A statement of a current fact made as a term of a contract. If a warrantor breaches its warranty the injured party might claim damages for the breach - and even terminate the contract and sue for damages, but cannot rescind the contract. For that you would need a breach of representation.
Compare
See Also
- Covenant
- Undertaking
- Or you could cut to the chase and go straight to promise