Warranties as Contracts Coursework Example | Topics and Well Written Essays - 500 words

Warranties as Contracts - Coursework Example This paper illustrates that warranty is a condition which is collateral to the existing status of the contract. A contract can still do without the prevailing condition of the warranty. When an individual buys a product, he has a warranty attached to it. However, due to some action on behalf of the consumer, it might lead to the defeat of the warranty. What we mean by this statement is that if the consumer uses the product in a fashion not demarcated by the manufacturer, then that might lead to the breach of the warranty. However, it is very crucial to understand at this juncture that this said loss of warranty will not tantamount to the breach of the sale contract which the parties entered into. Having bought an Apple iPhone, if an individual jailbreaks it, then he tantamounts to the loss of the warranty of the product. But, at the same time, it would not result in the entire breach of the contract. The sale contract still exists and the manufacturer or the consumer cannot ask for t he refund of the money or to return back the product to the manufacturer. Warranty as a contract is an assurance that the product shall be fixed and repaired at any given time, however, there is a time stipulation to the said warranty and the consumer has to approach the manufacturer within that frame of time in order to get the product repaired along with the benefits which a warranty provides. To conclude, it is crucial to recap the basic definition of a warranty as defined earlier in this paper. A warranty is a collateral which is essential to the functioning of the contract. It is collateral which is attached to the existing terms and conditions laid down in the contract.