A Warranty is a stipulation collateral to the main purpose of a contract. It is the correct answer because it meets the criteria of being a stipulation and being collateral to the main purpose of the contract.

Stipulation Collateral to the Main Purpose of the Contract:

A stipulation collateral to the main purpose of the contract is a term or condition that is not directly related to the primary purpose of the contract but is still included as a secondary agreement. It is an additional promise or guarantee made by one party to the other.

A Warranty:

A warranty is a type of stipulation that is commonly included in contracts. It is a promise or guarantee made by one party to the other regarding the quality, performance, or condition of a product or service. It provides assurance to the recipient that the product or service will meet certain standards or specifications.

Difference between Warranty and Condition:

While both warranties and conditions are stipulations collateral to the main purpose of a contract, they differ in their effect on the contract.

- A warranty is a lesser term of the contract, which means that a breach of warranty gives rise to a claim for damages but does not allow the innocent party to terminate the contract.
- On the other hand, a condition is a major term of the contract, and a breach of condition gives rise to a right to terminate the contract and claim damages.

The correct answer is option 'A' (Warranty) because it satisfies the condition of being a stipulation collateral to the main purpose of the contract.