Warranty

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

• Representation

See Also

• Representations and warranties
• Covenant
• Undertaking
• Or you could cut to the chase and go straight to promise