Contract warranty (English law)
A warranty is a contractual term whose breach generally permits a claim for recoverable damages but does not, solely by reason of that breach, entitle the innocent party to terminate. The meaning of warranty can vary in other contexts, including representations and insurance, so the contract and applicable law must be checked.
Worked example
A seller breaches a term classified as a warranty, causing provable loss. The buyer considers damages; the warranty breach alone does not establish a right to terminate.
Common mistake
Treating a warranty as a synonym for a condition, or assuming the same word has one fixed meaning in every legal context.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | LW (ENG) | Direct | September 2026–June 2027 |