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LSDefine

Simple English definitions for legal terms

personal warranty

Read a random definition: loophole

A quick definition of personal warranty:

A personal warranty is a promise made by someone to guarantee something they are selling or transferring. It can be a written or spoken promise that the item being sold is as described or that the person selling it has the right to sell it. If the promise is broken, the person who made the warranty may have to compensate the buyer. Personal warranties can also be made in insurance policies, where the insured person promises that the information they provided is true.

A more thorough explanation:

A personal warranty is a type of warranty that arises from an obligation to pay all or part of the debt of another. It is a promise made by one person to another that they will be responsible for any debts or obligations that the other person may have. For example, if a parent co-signs a loan for their child, they are providing a personal warranty that they will pay the loan if the child cannot.

Another example of a personal warranty is when a business owner guarantees the quality of their product or service. This means that if the product or service does not meet the agreed-upon standards, the business owner will be responsible for fixing or replacing it.

Personal warranties are important because they provide a level of assurance to the other party that they will not be left with the financial burden if something goes wrong. They also help to build trust between the parties involved in the transaction.

personal warrandice | personal wrong

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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