- The expression 'warranty' legally signifies? Please select all that apply.
a term of a contract as opposed to a representation.
The term 'warranty' is used to distinguish between a term (warranty) and a mere representation, and also to distinguish between terms that give no right to termination upon breach (warranties) and terms that do (conditions). Service contracts for electrical and similar items are not really good examples of the use of 'warranty' in the legal sense, although they are, of course, separate contractual agreements (for which one pays, often heavily), containing a number of terms providing for what will happen if a fault develops.
Reference: Sections 5.1.2, 5.4.1
If warranties legally don't signify service or maintenance contracts, which are misstated as Warranties, then how do the legal definition of "warranty" relate to service or maintenance contracts? Why did corporations start misnaming service or maintenance contracts Warranties?