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Real Estate Glossary

What does Breach of Warranty mean?

A Breach of Warranty is a failure to fulfill a promise or guarantee that is made in a legal agreement or contract. This can include failure to deliver goods or services that meet certain standards, or failure to perform in accordance with a warranty. A breach of warranty can lead to legal action, and may result in penalties, fines, or termination of the contract.

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Artur
Real Estate Assistant