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Save Collateral Agreement Template

Aug 6th, 2022

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How to Save Collateral Agreement Template

5 out of 5

40 votes

JJ Savage, a boat builder, was tasked with constructing a boat for Mr. Blackney, who preferred twin diesel engines. After consultation, JJ Savage provided information on three engine options, detailing specifications, performance, and costs. Despite Mr. Blackney's preference, they recommended a single larger diesel engine, predicting a speed of 15 miles per hour. The final contract only specified the type of engines to be installed. After the boat's delivery, Mr. Blackney discovered it did not reach the promised speed of 15 mph and sued, claiming that the advisory letter constituted a warranty, even though it was not included in the contract.

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