Multiple choice

A stipulation which is collateral to the main purpose of the contract, and if proves false, gives the buyer only a right to claim damages, is known as

  1. conditions

  2. guarantee

  3. warranty

  4. none of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A warranty is a stipulation collateral to the main purpose of the contract, the breach of which gives the aggrieved party only a right to claim damages. Unlike a condition (essential to the contract), a warranty deals with minor aspects of the contract.