What are conditions and warranties under the Sale of Goods Act?

Difference Between Conditions and Warranties in Sale of Goods Act. A condition is a stipulation which is essential to the main purpose of the contract. A warranty is a stipulation which is only collateral or subsidiary to the main purpose of the contract.

What is the difference between a condition and a warranty under Sale of Goods Act 1930?

A condition is an obligation which requires being fulfilled before another proposition takes place. A warranty is a surety given by the seller regarding the state of the product. Section 12(2) of the Sale of Goods Act, 1930 defines Condition.

What are the various kinds of implied warranties as per Sales of goods Act 1930 mention with examples?

Answer: Following is the list of the warranties that the law treats as implied in the contract of sale:

• Warranty As To Undisturbed Possession.
• The Warranty As To Non-Existence Of Encumbrances.
• Warranty As To The Disclosure Of Dangerous Nature Of Goods.
• The Warranty As To Non-Existence Of Encumbrances.

What are conditions and warranties?

In other words, condition is the arrangement, which should be present at the time of happening of another event. Warranty is a written guarantee, issued to the buyer by the manufacturer or seller, committing to repair or replace the product, if required, within specified time.

What is a condition and warranty?

Condition. Warranty. Meaning. A requirement or event that should be performed before the completion of another action, is known as Condition. A warranty is an assurance given by the seller to the buyer about the state of the product, that the prescribed facts are genuine.

What is a warranty in a sales contract?

The warranty assures the buyer that the good or service is free from defects, and it is a legally binding commitment. In the event that the product or service fails to meet the standards set out in the warranty, then the contract provides a specific remedy, such as a replacement or repair.

What is warranty of a product?

If things don’t work as expected, a warranty may allow the purchase to be returned, replaced, or repaired. A product’s warranty acts as a guarantee that it will perform. A warranty might cover a product for a lifetime or a matter of days. It may cover all kinds of damage or be limited to specific defects.

What are the 3 kinds of condition?

There are three different forms of conditions. These are: Conditions precedent. Conditions concurrent, and.

What are condition and warranty in contract of sale of goods?

The terms “Condition” and “Warranty” are set out in the contract of sale in order to determine remedies the parties can claim in case of the breach by either of the parties. Here in this article, we will see the manner how these terms are defined, their differences and their legality in the light of Sale of Goods Act, 1930.

What is Section 12 of the sale of Goods Act?

Section 11 to 17 of the Sale of Goods Act enlightens the provisions relating to Conditions and Warranties. Section 12 of the Act draws a demarcation between a condition and a warranty. The determination of condition or warranty depends upon the interpretation of the stipulation.

What are implied conditions in the sale of goods?

Say for example the assumption during sale by description or sale by sample. Implied conditions are described in Section 14 to 17 of the Sale of Goods Act, 1930. Unless otherwise agreed, these implied conditions are assumed by the parties as if it is incorporated in the contract itself.

What is section 15 of the contract of Sale Act?

Moving to Section 15 of the Act, In the contract of sale, there is an implied condition that the goods should be in conformity with the description. The buyer has the option to either accept or reject the goods which do not conform with the description of the good.