Definition from Nolo’s Plain-English Law Dictionary
Violation of an agreement between a seller and a buyer as to the condition, quality, or title of the item sold. It can apply to title of real property or goods, or to an assurance about quality of an item sold. The warranty need not be expressed, but may be implied from the circumstances at the time of sale. The party making the warranty is liable to the party to whom the guarantee was made.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm