warranty

Definition:

1. In the law of contract, a promise made by one party to a contract, which is subsidiary, or additional, to the main purpose of the contract. Compare ‘condition’. 2. In the law of insurance, a promise given by the assured in a contract of insurance, which the assured must comply with in order to make a claim. 3. In trading, a guarantee given by a manufacturer of a product of the quality of the product with a promise to repair or make good defects.



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