Difference Between Condition And Warranty – Hello friends, in this article, we are going to share 4 main difference between Warranty and Condition.
Difference Between Condition And Warranty
|1||Nature||A condition is the main object of the contract.||A warranty is collateral to the object of the contract.|
|2||Remedies||If a condition is breached, the aggrieved party has the right to repudiate the contract, and is entitled to damages from the defaulting party||A breach of warranty does not entitle the aggrieved party to repudiate the contract, it only entitles it to damages from the other party.|
|3||Legal Effect||The contract ceases to be legal on the breach of a condition.||A breach of warranty does not have any legal effect on the contract.|
|4||Treatment||The contract ceases to exist on the breach of a condition and the aggrieved party can only be compensated by damages it receives from the other party.||A breach of warranty is not deemed to be a breach of condition, and the aggrieved party cannot repudiate the contract on such ground.|
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