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
failure to perform, fall-through, 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 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.
- A document certifying clear title to a property.
