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Remedies of breach of warranty includes:
- a)Diminution or extinction of price
- b)Refusal to pay the price of goods
- c)Suit for loss exceeding price of good
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Remedies of breach of warranty includes:a)Diminution or extinction of ...
(1) Where there is a breach of warranty by the seller, or where the buyer elects or is compelled to treat any breach of a condition on the part of the seller as a breach of warranty, the buyer is not by reason only of such breach of warranty entitled to reject the goods; but he may-
(a) set up against the seller the breach of warranty in diminution or extinction of the price, or
(b) sue the seller for damages for breach of warranty.
(2) The fact that a buyer has set up a breach of warranty in diminution or extinction of the price does not prevent him from suing for the same breach of warranty if he has suffered further damage.
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Remedies of breach of warranty includes:a)Diminution or extinction of ...
Remedies for Breach of Warranty
There are several remedies available to a buyer in case of a breach of warranty. These remedies are as follows:
1. Diminution or Extinction of Price
If the seller breaches the warranty, the buyer may claim a proportionate reduction in the price of the goods. In case of a serious breach, the buyer may also reject the goods and claim a refund of the purchase price.
2. Refusal to Pay the Price of Goods
If the seller breaches a warranty, the buyer may refuse to pay the price of the goods. This remedy is available only in cases where the breach is serious.
3. Suit for Loss Exceeding Price of Goods
If the buyer suffers a loss due to the breach of warranty, he can sue the seller for damages. The amount of damages would depend on the nature and extent of the loss suffered by the buyer.
Conclusion
In conclusion, the remedies available to a buyer in case of a breach of warranty include a proportionate reduction in the price of goods, refusal to pay the price of goods (in case of serious breach), and a suit for damages exceeding the price of goods.
There are several remedies available to a buyer in case of a breach of warranty. These remedies are as follows:
1. Diminution or Extinction of Price
If the seller breaches the warranty, the buyer may claim a proportionate reduction in the price of the goods. In case of a serious breach, the buyer may also reject the goods and claim a refund of the purchase price.
2. Refusal to Pay the Price of Goods
If the seller breaches a warranty, the buyer may refuse to pay the price of the goods. This remedy is available only in cases where the breach is serious.
3. Suit for Loss Exceeding Price of Goods
If the buyer suffers a loss due to the breach of warranty, he can sue the seller for damages. The amount of damages would depend on the nature and extent of the loss suffered by the buyer.
Conclusion
In conclusion, the remedies available to a buyer in case of a breach of warranty include a proportionate reduction in the price of goods, refusal to pay the price of goods (in case of serious breach), and a suit for damages exceeding the price of goods.
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Remedies of breach of warranty includes:a)Diminution or extinction of priceb)Refusal to pay the price of goodsc)Suit for loss exceeding price of goodd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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