Breach of Warranty
Definition
- In real estate, the failure of the seller to pass clear title to the property buyer as either expressed or implied (by law) in the conveyancing document.
Synonyms
fall-through, failure to perform, not deliver as promised
Related Terms and Acronyms
- Breach of Contract (BOC) — Acronym,
- Failure to abide by terms of a legal agreement without a legal excuse.
- Breach of Covenant — Definition,
- Violation of a promise made in a contract or property deed.
- Contract — Definition,
- An agreement between two or more parties that can be enforced by law.
- Extended Warranty — Definition,
- A service contract that covers certain vehicle repairs or problems after the manufacturer's or dealer's warranty expires. Extended warranties are sold by vehicle manufacturers, dealers, and independent companies. With a new vehicle, the extended warranty must be purchased by the end of the first year of ownership.
- Forfeiture — Definition,
- Loss of property because of violation of law or contract.
- Home Warranty — Definition,
- A policy that guarantees workmanship on construction of a home and functionality of some appliances, and which pays for repairs for a specified period.
- Warranty — Definition,
- A document certifying clear title to a property.
- A guarantee from a dealer or a manufacturer that a vehicle or product will perform as expected or specified. An auto warranty usually covers specified mechanical problems for a set number of kilometers or period.
