https://www.taxtmi.com/acts?id=7313 A stipulation in a contract of sale may be a condition or a warranty. A condition is essential to the main purpose and its breach permits treating the contract as repudiated. A warranty is collateral; its breach gives rise to damages but not to rejection or repudiation. The classification depends on construction of the contract rather than the parties' label. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7313 A stipulation in a contract of sale may be a condition or a warranty. A condition is essential to the main purpose and its breach permits treating the contract as repudiated. A warranty is collateral; its breach gives rise to damages but not to rejection or repudiation. The classification depends on construction of the contract rather than the parties' label. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7313