Warranties
Warranty War"rant*y, n.; pl. {Warranties}. [OF. warantie, F. garantie. See {Warrant}, n., and cf. {Guaranty}.] [1913 Webster] 1. (Anc. Law) A covenant real, whereby the grantor of an estate of freehold and his heirs were bound to warrant and defend the title, and, in case of eviction by title paramount, to yield other lands of equal value in recompense. This warranty has long singe become obsolete, and its place supplied by personal covenants for title. Among these is the covenant of warranty, which runs with the land, and is in the nature of a real covenant. --Kent. [1913 Webster]

2. (Modern Law) An engagement or undertaking, express or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly or impliedly declared or promised to be. In sales of goods by persons in possession, there is an implied warranty of title, but, as to the quality of goods, the rule of every sale is, Caveat emptor. --Chitty. Bouvier. [1913 Webster]

3. (Insurance Law) A stipulation or engagement by a party insured, that certain things, relating to the subject of insurance, or affecting the risk, exist, or shall exist, or have been done, or shall be done. These warranties, when express, should appear in the policy; but there are certain implied warranties. --Bouvier. [1913 Webster]

4. Justificatory mandate or precept; authority; warrant. [R.] --Shak. [1913 Webster]

If they disobey precept, that is no excuse to us, nor gives us any warranty . . . to disobey likewise. --Kettlewe??. [1913 Webster]

5. Security; warrant; guaranty. [1913 Webster]

The stamp was a warranty of the public. --Locke. [1913 Webster]

Syn: See {Guarantee}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

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  • express warranties — In addition to implied warranties, a supplier normally gives express warranties relating to the goods or services supplied in the contract between buyer and seller. They may relate to the quality of the goods, conformity with specifications, etc …   Law dictionary

  • corporate warranties — A person providing funds to buy a company to invest in or lend to a company will want to substantiate matters affecting its value. The person receiving value will be asked to warrant that statements relating to these matters are true for example …   Law dictionary

  • Representation and Warranties — (заверения и заявления) часть соглашения, в которой одна или несколько сторон подтверждают определенные фактические обстоятельства; если подтверждение оказывается не соответствующим действительности, такая сторона (стороны) обязуются предпринять… …   Ипотека. Словарь терминов

  • executory warranties — Such arise where insured undertakes to perform some executory stipulation, as that certain acts will be done, or that certain facts will continue to exist …   Black's law dictionary

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