Fact: Difference between revisions

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*[[Representations and warranties]]
*[[Representations and warranties]]
*[[Legal opinion]]
*[[Legal opinion]]
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Revision as of 12:07, 14 February 2020

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™


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An assertion about a state of fairs in the universe out there, beyond one’s intellectual apparatus; “res extensa” in the argot of Cartesian metaphysics, and not “res cogitans”. To be distinguished from mere opinion, and particularly, legal opinion. Thus, a fact is the sort of thing one attests to by way of representation or warranty. Not the sort of thing your learned counsel will deign to advise you on.

One should never represent or warrant as to legal matters[1]. A legal eagle opines on those.

See also

References

  1. A rule wholeheartedly honoured in the breach: the representation that one’s obligations are legal, valid and binding is a standard term of most financing contracts, however illogical it may be.