| Commentary

69.3 Acknowledgment and warranties

| Commentary

69.3 Acknowledgment and warranties

Acknowledgments should not be confused with warranties or representations. If a party warrants that a statement is true, he is positively asserting the statement. The other contracting party may rely on it and may be able to sue the giver of the statement for breach of contract if it turns out to be untrue. If a party merely acknowledges a statement, then at a later date he may be unable to claim that he was not aware of the stated fact (that is, there is an estoppel so that the party making an acknowledgment cannot later

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