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A stipulation collateral to the main purpose of the contract is ------
Condition
Warranty
Obligation
None of the above
- Condition: A condition is an essential term of a contract. If breached, it allows the affected party to terminate the contract and seek damages. It's central to the agreement's main purpose.
- Warranty: A warranty is a stipulation collateral to the main purpose of a contract. It is a secondary obligation. Breach of a warranty entitles the affected party to claim damages but not to terminate the contract.
- Obligation: An obligation refers to a duty or commitment under a contract. It can be either a condition or a warranty.
- None of the above: This option suggests that none of the provided choices correctly answers the question.
Warranty is correct. A warranty is indeed collateral to the main purpose.
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