Conditions And Warranties

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TOPIC- Conditions And Warranties

  • A condition is a stipulation essential to the main purpose of the contract, the breach of which gives a right to treat the contract as repudiated.
  • A warranty is a stipulation collateral to the main purpose of the contract, the breach of which gives rise to a claim for damages, but not a right to reject the goods and treat the contract as repudiated.
  • Condition is essential to the main purpose.
  • Warranty is incidental or collateral to the main purpose.
  • Breach of a condition may be treated as breach of warranty.
  • Breach of warranty cannot be treated as breach of condition.
Business Law Unit 1 Business Law Complete Notes Conditions And Warranties

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