seller's guarantee

  • 1guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …

    Financial and business terms

  • 2Demand guarantee — In English writings, traditionally the term “guarantee” denotes an accessory (secondary) or “conditional” type of obligation. The essence of the instrument is the promise to answer for the duty of another should the other default. The beneficiary …

    Wikipedia

  • 3full title guarantee — One of the two key phrases used to imply covenants for title under the Law of Property (Miscellaneous Provisions) Act 1994 in an instrument effecting or purporting to effect a disposition of property ({{}}section 1(1)). The other key phrase is… …

    Law dictionary

  • 4Contingent Guarantee — A guarantee of payment made by a third party, known as the guarantor, to the seller or provider of a product or service in the event of non payment by the buyer. Contingent guarantees are normally used when the suppliers do not have a… …

    Investment dictionary

  • 5limited title guarantee — One of the two key phrases used to imply covenants for title under the Law of Property (Miscellaneous Provisions) Act 1994 in an instrument effecting or purporting to effect a disposition of property (section 1(1)). The other key phrase is full… …

    Law dictionary

  • 6bid bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bid bond …

    Law dictionary

  • 7Warranty —   A seller s guarantee to purchaser that product is what it is represented to be and, if it is not, that it will be repaired or replaced. Within the context of vehicles, refers to an engine manufacturer s guarantee that the engine will meet… …

    Energy terms

  • 8breach of the covenant of warranty — noun a failure of the seller s guarantee of good title • Hypernyms: ↑breach of contract …

    Useful english dictionary

  • 9Warranty — In commercial and consumer transactions, a warranty is an obligation or guarantee that an article or service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement …

    Wikipedia

  • 10CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …

    Encyclopedia of Judaism