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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Distinguish between Conditions and Warranty. - Commerce

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Question

Distinguish between Conditions and Warranty.

Distinguish Between

Solution

Basis for Difference Condition Warranty
1. Meaning It is a stipulation which is essential to the main purpose of the contract of sale. It is a stipulation which is collateral to the main purpose of the contract.
2. Significance Condition is necessary to the contract that the breaking of which cancels out the contract. The violation of the warranty will not revoke the contract.
3. Transfer of Ownership Ownership of goods cannot be transferred without fulfilling the conditions. Ownership of goods can be transferred to the buyer without fulfilling the warranty.
4. Remedy In case of breach of contract, the affected party can cancel the contract and claim damages. In the ease of breach of warranty, the affected party cannot cancel the contract but can claim damages only.
5. Treatment Breach of condition may be treated as a breach of warranty. Breach of warranty cannot be treated as a breach of condition.
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Conditions and Warranties
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Chapter 21: The Sale of Goods Act, 1930 - Exercise [Page 186]

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Samacheer Kalvi Commerce [English] Class 12 TN Board
Chapter 21 The Sale of Goods Act, 1930
Exercise | Q IV. 4. | Page 186
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