Liability for defects in sales contracts and contracts for work

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Chapter 15 in The Economic Analysis of Civil Law, 2022, pp 437-452 from Edward Elgar Publishing

Abstract: Warranties as an insurance of the buyer and as an incentive for quality assurance are known as the investment theory of warranty. The buyer invests in more quality and more safety by accepting price premiums. Independent of these two functions, there exists another economic function of warranty, the signalling function with regard to quality and to intensity of use. Warranties can solve such problems.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2022
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