Question

A stipulation in a contract of sale with reference to the goods which are the subject matter thereof may be ________.

• A. condition
• B. warranty
• C. condition precedent
• D. either (a) or (b)

Answer 1

The correct option is D either (a) or (b)

A stipulation in a contract of sale with reference to the goods which are the subject matter thereof may be either condition or warranty. A condition is a stipulation which is very important to determine the main purpose of the contract. A "Warranty", under the Sale of Goods Act, has been defined as a stipulation collateral to the main purpose of the contract.