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A warranty can be classified as:Group of answer choicesA term that may only be identified following assessment of the consequences of a breachNot a term of a contract at allA lesser term than a conditionThe most important term in a contract

Question

A warranty can be classified as:Group of answer choicesA term that may only be identified following assessment of the consequences of a breachNot a term of a contract at allA lesser term than a conditionThe most important term in a contract

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Solution

A warranty can be classified as a lesser term than a condition. In contract law, a warranty is a term of the contract, but it is not as critical as a condition. A breach of warranty, unlike a breach of condition, does not entitle the innocent party to terminate the contract, although they may seek damages.

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