Express Warranty

Breach of Warranty
A breach of warranty occurs when there is an infraction of an express or implied agreement concerning the title, quality, content, or condition of a thing sold. It can result in legal ramifications for the seller if the warranty given does not hold true.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.