BREACH OF WARRANTY Meaning and
Definition
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Breach of warranty, in legal terms, refers to a violation or failure to fulfill the terms and conditions of a warranty agreement. A warranty is a contractual guarantee made by a seller or manufacturer to a buyer, promising the product's quality, performance, or any other terms explicitly stated in the warranty documentation.
A breach of warranty occurs when the warranty is not upheld or the promised terms are not met. This breach can happen in different ways, including failure to repair or replace a faulty product, providing a product that does not meet the specified quality, or exceeding the agreed-upon timeframe for warranty coverage.
The breach of warranty can entitle the buyer to certain remedies, such as monetary compensation, repairs or replacements, or a refund. The specific remedies vary depending on the type of warranty and the laws governing the particular jurisdiction.
It is important to note that breach of warranty can occur in both express warranties (explicitly stated in writing or orally) and implied warranties (automatically provided by law based on the nature of the sale). Parties involved in a dispute about a breach of warranty can seek legal recourse, and the court will evaluate the terms of the warranty, the actions of the parties, and any applicable legal statutes to determine if a breach has occurred and the appropriate resolution.
Common Misspellings for BREACH OF WARRANTY
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