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warranty

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after-sales service

after-sales service  

Maintenance of products by the manufacturers or their agents after purchase. This often takes the form of a guarantee (see warranty), which is effective for a stated period during which the service ...
breach of contract

breach of contract  

An actual failure by a party to a contract to perform his obligations under that contract or an indication of his intention not to do so.
condition

condition  

Reference type:
Overview Page
Subject:
Law
N.1 A major term of a contract. It is frequently described as a term that goes to the root of a contract or is of the essence of a contract (see also time provisions in contracts); it is contrasted ...
express term

express term  

Reference type:
Overview Page
Subject:
Law
A provision of a contract, agreed to by the parties, that is either written or spoken. Such a provision may be classified as a condition, a warranty, or an innominate term. Compare implied term.
flotsam

flotsam  

The wreckage of a ship or its cargo found floating on or washed up by the sea (as distinguished from jetsam, goods or material thrown overboard and washed ashore). Flotsam and jetsam is used ...
freedom from encumbrance

freedom from encumbrance  

Reference type:
Overview Page
Subject:
Law
A term used to describe property against which no one has a claim but the owner. Property over which there is (e.g.) a lien or mortgage is not free from encumbrance.[...]
guarantee

guarantee  

Reference type:
Overview Page
1 An undertaking by a second party to agree to make good principal, interest if the borrower, counterparty, or issuer defaults (cf. asset-backed; collateralized).2 Another term for a warranty.[...]
implied term

implied term  

Reference type:
Overview Page
A provision of a contract not agreed to by the parties in words but either regarded by the courts as necessary to give effect to their presumed intentions or introduced into the contract by statute ...
indemnity

indemnity  

Reference type:
Overview Page
Subject:
Law
N.An agreement by one person (X) to pay to another (Y) sums that are owed, or may become owed, to him by a third person (Z). It is not conditional on the third person defaulting on the payment, i.e. ...
innominate terms

innominate terms  

A contract term that is neither a condition nor a warranty. Whether a breach of that term gives rise to a right to terminate the contract depends on the seriousness of the breach.[...]
insurance

insurance  

Reference type:
Overview Page
The use of contracts to reduce and redistribute risk. In an insurance contract, the insurer accepts a fixed payment, or premium, from the insured, and in return undertakes to make payments if certain ...
mistake

mistake  

Reference type:
Overview Page
Subject:
Law
In law, a misunderstanding or erroneous belief about a matter of fact (mistake of fact) or a matter of law (mistake of law). In civil cases, mistake is particularly important in the law of contract. ...
of the essence

of the essence  

Reference type:
Overview Page
Subject:
Law
Essential, of the greatest importance. In a contract whatever is of the essence is an essential term (a condition rather than a warranty). Thus when ‘time is of the essence’ ...
quiet possession

quiet possession  

Reference type:
Overview Page
Subject:
Law
Freedom from disturbance in the enjoyment of property. In contracts for the sale of goods, unless the seller makes it clear that he is contracting to transfer only the title that he or a third person ...
representation

representation  

Reference type:
Overview Page
Subject:
Law
N.1 The state of being represented, e.g. by an elected representative in the House of Commons (see also Parliament), by a defending counsel in court, or by an agent acting on behalf of his ...
satisfactory quality

satisfactory quality  

Reference type:
Overview Page
Subject:
Law
An implied condition that goods sold in the course of business will meet the standard that a reasonable person would regard as satisfactory. In assessing this, account is taken of any description of ...
seaworthy

seaworthy  

Reference type:
Overview Page
Subject:
Law
Adj.1 Having at the start of a voyage the degree of fitness (as respects the ship, her crew, and her equipment) for that particular voyage that a careful owner might be expected to require of his ...
surety

surety  

Reference type:
Overview Page
Subject:
Law
N.1 Security in the form of money to be forfeited upon nonappearance in court, offered either by the defendant himself or by other people of suitable financial resources, character, and relationship ...
term

term  

Reference type:
Overview Page
Subject:
Law
N.1 Originally, any of four periods of the year during which judicial business had to be transacted. For this purpose terms were abolished by the Judicature Acts 1873–75, and the legal year is now ...
term (clause or condition)

term (clause or condition)  

Reference type:
Overview Page
Subject:
Law
One of the provisions of an agreement. By extension, ‘terms’ is a non-legal expression for the basis on which a party will agree or has agreed (e.g. ‘I am willing ...

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