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Breach of Warranty
(redirected from Warranty Breach)

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Breach of Warranty
The manufacture of a dangerous or defective product such that it opens the manufacturer and/or seller to a lawsuit. The consumer protections put in place during the 20th and 21st centuries have increased the number of lawsuits for breach of warranty. This is controversial, as consumer advocates tend to applaud this development, while manufacturers contend that the protections do not protect consumers but do add to costs, which raises prices.


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They could be held responsible if the product''s failure was the result of negligence, a warranty breach, or even strict liability.
Side A Directors' and Officers' Liability Policy - provides executives coverage for loss for which they do not receive indemnification from their company, and which is not otherwise insured on account of policy exhaustion, rescission, warranty breach, restatement exclusion, or attachment by a court in a bankruptcy.
 
 
 
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