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Question

_________ is a stipulation collateral to the main purpose of the contract which creates right to claim damages and not to rescind the contract.

A

Condition

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B

Warranty

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C

Both condition and warranty

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D

Neither condition nor warranty

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Solution

The correct option is B Warranty
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 "Warranty", under the Sale of Goods Act, has been defined as a stipulation collateral to the main purpose of the contract which creates rights to claim damages.

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Q. A stipulation which is collateral to the main purpose of the contract and provides the buyer only right to claim the damages is known as _________.

Q. Under the Sale of Goods Act, a Condition is a stipulation essential for the ________ of the contract.

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