MLchartDataset catalogue

Redhibitory defects

Term · Insurance and risk management · MLC-T-INS-002823

Hidden flaws or imperfections in a purchased item that render it unfit for its intended use or diminish its value to such an extent that the buyer would not have purchased it or would have paid a lower price. In some legal systems, these defects can lead to rescission of the sale or a reduction in the purchase price. This concept is relevant in product liability and warranty claims.

Table 1. Record
IdentifierMLC-T-INS-002823
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-002823",
  "term": "Redhibitory defects",
  "field": "Insurance and risk management",
  "definition": "Hidden flaws or imperfections in a purchased item that render it unfit for its intended use or diminish its value to such an extent that the buyer would not have purchased it or would have paid a lower price. In some legal systems, these defects can lead to rescission of the sale or a reduction in the purchase price. This concept is relevant in product liability and warranty claims.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/redhibitory-defects/"
}

Record 2,855 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.