Question

what is principle of warranty explain their types​

Answer 1

Answer:

A warranty in an insurance policy is a promise by the insured party that statements affecting the validity of the contract are true. ... Warranties in insurance contracts can be divided into two types: affirmative or promissory. An affirmative warranty is a statement regarding a fact at the time the contract was made.

Explanation:

The two main types are express and implied warranties. An express warranty is one that is clearly stated (or "expressed") either verbally or in writing, while an implied warranty automatically covers most consumer goods valued over a certain amount, but only provides a base level of protection for consumers.