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What is stipulation... In simple terms.
Answers (4)
In the contract of Sale of Goods, the seller makes some representation or statements or makes certain claims about the product which he intends to sell to the buyer, that representation or statement is known as a stipulation. that stipulation in the contract of sale can be term as condition or warrant. It simply means a declaration/announcement.
Sudha Reddy
A stipulation in a contract of sale with reference to goods which are the subject thereof may be a condition or a warranty.
the breach of which gives rise to a right to treat the contract as repudiated.