Conditions and Warranties - The Sale of Goods Act(1930) , Business Law Video Lecture | Business Law - B Com

hello students this is ca bara Kalani
welcoming you to the session on
conditions and warranties in the sale of
goods at 19:30 talking about Sale of
Goods Act 1930 we have already covered
the topic on the nature of goods and the
formation of contract of sale now let's
move on to the next topic conditions and
warranties let's see what we are going
to do in this topic the first thing that
we learn is what is condition and what
is quality then we see the two types of
these Express conditions and warranties
and implied conditions and warranties
and then we see when does a condition
become a warranty and finally we go on
to a Latin maxim which is caveat emptor
so let's get started with the meaning of
conditions and warranties now you know
when you go to purchase electronic
appliances computers laptops phones
gadgets many times you would have come
across this word warranty
what does 4nt mean there the warranty
they means that if the code is not
functioning properly the seller will
repair it for free we give you the
product in the working condition so if
something's gone wrong
you'll repair it okay if some part is
required to be changed you change it
however it does not give you the right
to cancel the contract that is to return
the goods back if you
get the right to return the goods bag
that is called as guarantee so here also
a similar analogy is drawn very
conditioned is a bigger term it's a
bigger concept it's a wider of term
whereas warranty is a novel concept a
narrower term so now let's try to
understand what these two terms mean