Professional Documents
Culture Documents
Anika Rafah
Lecturer
North South University
Conditions
• A requirement or event that should be performed before the
completion of another action, is known as Condition.
• It is directly associated with the objective of the contract.
• Kinds of conditions:
Express condition: a condition that has been expressly provided
for agreed upon by both the parties at the time of the contract of
sale
Implied condition: conditions are said to be implied when the law
incorporates their existence as implicit to a contract of sale unless
otherwise agreed upon between parties .
Cont…
• Both parties shall be bound by implied conditions unless they
are excluded by an express agreement between them Implied
conditions are of following seven types:-
1)condition as to title
2)condition as to description
3)condition as to sample
4)condition as to sample as well as description
5)condition as to quality or fitness
6)condition as to merchantability
7)condition as to wholesomeness
Warranties
• A warranty is an assurance given by the seller to the buyer about
the state of the product, that the prescribed facts are genuine.
• It is a subsidiary provision related to the object of the contract.
• kinds of warranties
a)Express warranties: a warranty is said to be express when the
term of the contract expressly provides for it. At the time of
contract of sale, both the parties may agree upon any number of
express warranties.
b)Implied warranties: an implied warranty is one which the law
incorporates into a contract of sale. Even when no express
representations have been made in connection with a contract of
sale, the law implies certain representations as having been made
by the parties while entering into the contract .
Cont…