warranty of soundness from sound price

warranty of soundness from sound price
The rule of the civil law, in opposition to that of the common law, that a warranty of soundness against hidden or latent defects will be implied where a full or sound price is paid. This warranty will include all faults known or unknown to the seller, though it is not considered as including defects patent and known to the buyer. 46 Am J1st Sales § 340.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • sound price — See warranty of soundness from sound price …   Ballentine's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

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