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Warranty

In contract law, a warranty is a promise which is not a condition of the contract or an innominate term: (1) it is a term 'not going to the root of the contract', and (2) which only entitles the innocent party to damages if it is breached: i.e. the warranty is not true or the defaulting party does not perform the contract in accordance with the terms of the warranty. A warranty is not guarantee. It is a mere promise. It may be enforced if it is breached by an award for the legal remedy of damages. In contract law, a warranty is a promise which is not a condition of the contract or an innominate term: (1) it is a term 'not going to the root of the contract', and (2) which only entitles the innocent party to damages if it is breached: i.e. the warranty is not true or the defaulting party does not perform the contract in accordance with the terms of the warranty. A warranty is not guarantee. It is a mere promise. It may be enforced if it is breached by an award for the legal remedy of damages.

[ "Operations management", "Law", "Reliability engineering", "Implied warranty" ]
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