Partnership Act

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A “Warranty” under the Sale of Goods Act, has been defined as a stipulation —

Collateral to the main purpose of the contract

With regard to time

Essential to the main purpose of the contract

All of the above.

Explanation:

Condition and warranty.
(3) A warranty is a stipulation collateral to the main purpose of the contract, the breach of which gives rise to a claim for damages but not to a right to reject the goods and treat the contract as repudiated.

By: santosh

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