Conditions vs Warranties | Difference Between Condition and Warranty in Hindi | SOGA 1930
The main difference between a condition and a warranty in a contract is the importance of each to the contract and the consequences of a breach:
🔴 Condition
A condition is a fundamental term of a contract that must be met for the contract to be valid. A breach of a condition can lead to the termination of the contract. For example, if a buyer purchases a car that has major defects, the sale would not go through.
🔴 Warranty
A warranty is a secondary promise that provides additional assurances or guarantees. A breach of a warranty results in damages rather than termination of the contract. For example, if a buyer purchases an iPhone and the screen cracks within the first year, Apple may replace it for free.
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🔴 In this video - #padhakulog
Teacher's Name - CS Payal Popli
Topic - Difference between Conditions and Warranties (SOGA 1930)
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