collateral warranty
collateral warranty or collateral contract
The meaning of this term differs depending on the context in which it is used:
• In the general law of contract, a term or contract which runs outside the main written contractual agreement between the parties.
• In construction law, collateral warranty refers specifically to a contract between a professional consultant, building contractor or sub-contractor and a third party (for example, a fund, tenant or buyer). It is an agreement under which a professional consultant, building contractor or sub-contractor generally warrants to a third party that it has complied with its appointment, building contract or sub-contract.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


collateral warranty
In real estate transactions, an assurance or guaranty of title made by the holder of the title to the person to whom the property is conveyed.

Dictionary from West's Encyclopedia of American Law. 2005.


collateral warranty
In real estate transactions, an assurance or guaranty of title made by the holder of the title to the person to whom the property is conveyed.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • Collateral Warranty — The term “collateral warranty” finds its roots in property law. In 1839 Francis Hilliard wrote: “A collateral warranty is where the heir neither does nor could derive his title to the land from the warrantor; and yet is both de barred from… …   Wikipedia

  • collateral warranty — A warranty of a title made by a person who is a stranger to the title. As a general rule, the covenant of a stranger to the title is personal to the covenantee and is incapable of transmission by a mere conveyance of the land. 20 Am J2d Cov § 36 …   Ballentine's law dictionary

  • collateral contract — collateral warranty or collateral contract The meaning of this term differs depending on the context in which it is used: • In the general law of contract, a term or contract which runs outside the main written contractual agreement between the… …   Law dictionary

  • Collateral — may refer to: Collateral (finance) Collateral (film) See also Collateral damage Collateral Warranty Collateral contract Collateral ganglia Collateral estoppel Collateral source rule Collateralized debt obligation Marketing collateral Collateral… …   Wikipedia

  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

  • warranty — A promise that a proposition of fact is true. The Fred Smartley, Jr., C.A.Va., 108 F.2d 603, 606. An assurance by one party to agreement of existence of fact upon which other party may rely. It is intended precisely to relieve promisee of any… …   Black's law dictionary

  • warranty — An agreement to be responsible for all damages that arise from the falsity of a statement or assurance of a fact. Holcomb & H. Mfg. Co. v Auto Inter Urban Co. 140 Wash 581, 250 P 34, 51 ALR 39. An express or implied statement of something… …   Ballentine's law dictionary

  • warranty — noun (plural ties) Etymology: Middle English warantie, from Anglo French warantie, garantie, from warentir to warrant Date: 14th century 1. a. a real covenant binding the grantor of an estate and the grantor s heirs to warrant and defend the… …   New Collegiate Dictionary

  • collateral — I (Roget s IV) modif. 1. [Side by side] Syn. parallel, lateral, coordinate, corresponding; see parallel 1 . 2. [Accompanying] Syn. concomitant, corroborative, supporting, ancillary; see affirmative , simultaneous , subordinate . n. Syn. security …   English dictionary for students

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

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