New Mexico Warranty Provisions

State:
Multi-State
Control #:
US-ND0904
Format:
Word; 
PDF
Instant download

Description

This form provides boilerplate contract clauses that disclaim or limit warranties under the contract. Several different language options are included to suit individual needs and circumstances.

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FAQ

A warranty is a promise that a particular statement made is true at the date of the contract. A breach of warranty gives rise to a claim for breach of contract ? the main remedy being an award of damages. Representations and warranties in contracts | University of Cape Town uct.ac.za ? law-at-work ? courses ? representat... uct.ac.za ? law-at-work ? courses ? representat...

In general, a warranty is a promise, assurance, or statement made by the warrantor regarding the existence or accuracy of specific facts or the condition, quality, quantity, or nature of a good or property. There are express and implied warranties, both of which are legally binding commitments.

The Legalities Linguistically, both a warranty and a guarantee are promises to the customer. The difference is their legal standing. Guarantees are more or less verbal promises whereas most warranties are written contractual agreements that are more legally binding to protect both parties. Understanding the Difference: Warranty Vs. Guarantee! easternarchitectural.com ? blog ? understand... easternarchitectural.com ? blog ? understand...

§ 55-2A-212. Section 55-2A-212 - Implied warranty of merchantability (1) Except in a finance lease, a warranty that the goods will be merchantable is implied in a lease contract if the lessor is a merchant with respect to goods of that kind.

The legal warranty says that, if a merchant sells you something that isn't of good quality, durable, safe and in line with any expectations created by the merchant, you can, among other things, get a refund or have the product replaced. The Legal Warranty: Automatic Protection for Consumers Educaloi ? Home ? Capsules Educaloi ? Home ? Capsules

It is given to induce another party to enter into a contract or take some other action. A warranty is a promise of indemnity if the assertion is false. The terms "representation" and "warranty" are often used together in practice. Representations and Warranties - Practical Law Canada thomsonreuters.com ? ... thomsonreuters.com ? ...

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New Mexico Warranty Provisions