What are the differences between a 'Condition' and 'Warranty' in a contract of sale? Also explain,...

Transcribed Image Text:

What are the differences between a 'Condition' and 'Warranty' in a contract of sale? Also explain, when shall a 'breach of condition' be treated as 'breach of warranty' under provisions of the Sale of Goods Act, 1930? (b) M, N and P were partners in a firm. The firm ordered JR Limited to supply the fumiture. P dies, and M and N continues the business in the firm's name. The firm did not give any notice about P's death to the public or the persons dealing with the firm. The furniture was delivered to the firm after P's death, fact about his death was known to them at the time of delivery. Afterwards the firm became insolvent and failed to pay the price of furniture to JR Limited. Explain with reasons: (i) Whether P's private estate is liable for the price of furniture purchased by the firm? (ii) Whether does it make any difference if JR Limited supplied the furniture to the firm believing that all the three partners are alive? What are the differences between a 'Condition' and 'Warranty' in a contract of sale? Also explain, when shall a 'breach of condition' be treated as 'breach of warranty' under provisions of the Sale of Goods Act, 1930? (b) M, N and P were partners in a firm. The firm ordered JR Limited to supply the fumiture. P dies, and M and N continues the business in the firm's name. The firm did not give any notice about P's death to the public or the persons dealing with the firm. The furniture was delivered to the firm after P's death, fact about his death was known to them at the time of delivery. Afterwards the firm became insolvent and failed to pay the price of furniture to JR Limited. Explain with reasons: (i) Whether P's private estate is liable for the price of furniture purchased by the firm? (ii) Whether does it make any difference if JR Limited supplied the furniture to the firm believing that all the three partners are alive?

Answer rating: 100% (QA)

The detailed ... View the full answer