Collateral Duties to Third Parties

Mondaq Business BriefingUnited Kingdom Law Articles in English (2005)

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Collateral Duties to Third Parties

Originally published January 2005

Let's start with the most obvious question: what is a collateral warranty? The problem is that historically, English law would not permit a claimant to recover "financial" losses unless there is a direct contract between the parties. Thi...

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