Define warranty.

Warranty refers to a legal assurance or promise made by a seller to a buyer regarding the quality, quantity, title, or description of goods sold. It is a contractual obligation that guarantees the buyer certain rights if the goods fail to meet the promised standards. Warranties can be express (clearly stated, either in writing or orally) or implied (automatically assumed by law, such as the warranty of merchantability or fitness for a particular purpose). Unlike conditions, warranties are less critical to the main purpose of the contract, but their breach still entitles the buyer to remedies like compensation or replacement. Warranties are enforceable under contract law and provide legal recourse if the seller’s promises are not fulfilled.