Common Contracts
1 similar Collateral Warranty Agreement contracts
Collateral warranty agreement templateCollateral Warranty Agreement • August 17th, 2021
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: "Collateral warranty" – news · newspapers · books · scholar · JSTOR (December 2009) (Learn how and when to remove this template message) The term “collateral warranty” originates in property law. In 1839 Nick Grimsley 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 claiming title and bound to recompense in case of eviction.”[1] The concept of collateral warranty was sometimes regarded as “[…] the most unjust, oppressive, and indefensible in the whole range of common law.”[1] The meaning is different when considering the actual and most common use of the term. Today a collateral warranty generally defines an agreement ancillary to another principal contract and/or a letter of appointment. For t
