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Dictionaries by Category
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| Definition Of: |
Warranty
An undertaking by the assured whereby he promises to comply with the terms of the warranty. Non-compliance consitutes breach of warranty and the underwriter is discharged from liability as from the date of the breach.
An undertaking by one party to a contract agreeing to abide by certain conditions required by the other party in relation to performance of the contract (eg. warranty of seaworthiness whereby the shipowner agrees to provide a seaworthy vessel to carry the goods specified in a contract of affreightment).
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Sport Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 53.
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