breach of warranty

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Noun1.breach of warranty - a breach that occurs when an item is deficient according to the terms of a warranty
breach of contract - a breach of a legal duty; failure to do something that is required in a contract
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2 billion alleged representation and warranty breaches on residential mortgage loans sold to FNM from Jan.
mortgage originators (Bank of America, JP Morrgan, Citigroup, Wells Fargo, and Ally Financial), which up until now have collectively accounted for more than 85% of claims by the GSEs and private label securities (PLS) holders seeking recovery on defaulted loans where representation and warranty breaches may have occurred in the origination process.