What does “represent and warrant” mean in a contract?
Jasmine Weg's Answer
Construction Lawnew york, USA9 years experience
Jasmine Weg's Answer
When someone warrants and represents something in a contract, they are promising its truthfulness and accepting responsibility if it proves false.
Potential legal liability for inaccuracies in representations.
Buyers may seek recourse if claims are proven false.
Misleading warranties can lead to disputes and claims.
Failure to uphold a warranty can result in financial repercussions.
Below is an AI-generated transcript of the video answer.
When someone warrants and represents something in a contract, they're basically saying,
I promise that this is true and I'll take responsibility if it's not.
So if a seller says, I represent and warrant that this car has never been in an accident,
they're saying, I promise this is true and if it's not, you can come after me for it.
It's basically a fancy way of saying, I swear this is true and I'll back it up.
It's kind of like saying on God.
Construction Law Lawyer
new york, USA
