Warranty
Videos
In law, a warranty is an expressed or implied promise or assurance of some kind. The term's meaning varies across legal subjects. In property law, it refers to a covenant by the grantor of a deed. In
Warranty label on top of a hard disk
Warranty label lifted. The word "VOID" is shown multiple times.
Insurance law
Videos
Insurance law is the practice of law surrounding insurance, including insurance policies and claims. It can be broadly broken into three categories - regulation of the business of insurance; regulatio
Warranty
…promise or assurance of some kind. The term's meaning varies across legal subjects. In property law, it refers to a covenant by the grantor of a deed. In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured. In contract law, a warranty is a contractual assurance…
A strict duty of disclosure and good faith applies to selling most financial products, since Carter v Boehm where Lord Mansfield held an East India Company fort holder failed to warn the insurer of an impending French invasion. Such regulation did not extend to derivatives that contributed to the 2008 financial crisis.