Examlex
What is the Consumers Union Web Watch?
Breach of Warranty
The failure to fulfill the terms of a promise or assurance, typically related to the quality or condition of a sold product or service.
Material Defects
Significant problems in a property or product that affect its value, functionality, or safety, which are typically undisclosed to a buyer.
Specific Performance
A judicial remedy requiring a party to fulfill their obligations under a contract, typically used when monetary damages are insufficient.
Reasonable Market Value
An estimate of the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
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