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Encyclopedia Britannica - Main :: VIR-WAT |
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WARRANTY , etymologically, another form of GUARANTEE (q.v.). It is used, however, in a rather different sense. The sense common to both words is that of a collateral contract , under which responsibility for an act is incurred, and for the breach of which an action for damages lies. Warranty generally expresses the responsibility of the person doing the act, guarantee the responsibility of some other person on his behalf. A warranty may be defined, in the words of Lord Abinger, as " an express or implied statement of something which the party undertakes shall be part of the contract , and, though part of the contract, collateral to the express object of it " (Chanter v. Hopkins, 1838, 4 M. & W. 404). It differs from a condition in that a condition forms the basis of the contract and a breach of it discharges from the contract, and from a representaticn in that the latter does not affect the contract unless made a part of it expressly, or by implication as in contracts of insurance and other contracts uberrimae fidei, or unless it be fraudulent. These distinctions are not always accurately maintained. Thus in the Real Property Act 1845, 4, condition seems to be used for warranty.Warranty as it affected the law of real property was, before the passing of the Real Property Limitation Act 1833 and the Fines and Recoveries Act 1833, a matter of the highest importance. A warranty in a conveyance was a covenant real annexed to an estate of freehold, and either expressed in a clause of warranty or implied in cases where a feudal relation might exist between feoffor and feoffee. The warranty, as described by Littleton, 697, was an outgrowth of feudalism, and something very like it is to be found in the Liber Feudorum. At the time of Glanvill the heir was bound to warrant the reasonable donations of his ancestor. Warrant was one of the elements in Bracton's definition of homage, 78b, '~juris vinculum quo quis astringitur ad warrantizandum defendendum et acquietandum tenentem suum in seisina versus omnes." For an express warranty the word warrantizo or warrant was necessary. The word " give implied a warranty, as did an exchange and certain kinds of partition
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Scotland.The term corresponding to warranty in the law of heritable property is " warrandice." Warranty, strictly speaking, seems confined to movables. Warrandice appears early in Scots law, the heir by Regiam Majestatem being bound to warrant the reasonable donations of his ancestor. Warrandice in the existing law is either real or personal. Real warrandice is that whereby warrandice lands are made over, as indemnity for those conveyed, to assure the person to whom they were conveyed from loss by the appearance of a superior title. Real warrandice is implied in excambion. Its effect is that the excamber, in case of eviction, may recover possession of his original
United States.Warranty in conveyances of real estate is expressly abolished by statute in many states. In some states warranty is implied on the transfer and indorsement of negotiable instru-ments. U. W.) End of Article: WARRANTY If you wish, you can link directly to this article.
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