Definitions of breach of warranty
in a finance transaction, when a statement made by an obligor about itself and the circumstances of the debt or security is not true
The buyer had actual knowledge of the circumstances giving rise to the breach of warranty at the time of signing of the sale and purchase agreement.
where one party breaks a promise, guarantee or assurance given to another party about another person, good or part of a contract
The breach of warranty entitled the buyer to sue for damages but not to terminate the contract.