A warranty is a stipulation collateral to the main purpose of the contract, the breach of which gives rise to
Contract Act Section 12 of Sale of Goods Act Condition and warranty— (1) A stipulation in a contract of sale with reference to goods which are the subject thereof may be a condition or a warranty. (2) A condition is a stipulation essential to the main purpose of the contract, the breach of which gives rise to a right to treat the contract as repudiated. (3) A warranty is a stipulation collateral to the main purpose of the contract, the breach of which gives rise to a claim for damages but not to a right to reject the goods and treat the contract as repudiated. (4) Whether a stipulation in a contract of sale is a condition or a warranty depends in each case on the construction of the contract. A stipulation may be a condition, though called a warranty in the contract.
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Profit percentage earned on selling article 'E' is the same as the percentage loss incurred on selling article 'F'. If the cost price of article 'E' is ...
By selling 72 articles, a man suffers a loss of the selling price of 9 articles. Find the loss percentage.
A retailer set the price of a toy at 20% higher than its cost price and sold it to 'R' with a 25% discount. 'R' then spent Rs. 80 on repairs and sold th...
After selling 20 erasers, a Shopkeeper earn a profit of the selling price of 6 pencils. While selling 20 pencils, a shopkeeper losses a selling price of...
