Basis of the bargain test

{
  "id": "MLC-T-LAW-000682",
  "term": "Basis of the bargain test",
  "field": "Law",
  "definition": "A legal standard used in contract law, particularly concerning warranties, to determine whether a seller's affirmation of fact or promise became part of the agreement between the parties. If a buyer relies on such a statement when deciding to purchase, it forms part of the basis of the bargain. This test is codified in the Uniform Commercial Code.",
  "url": "https://mlchart.com/terminology/law/basis-of-the-bargain-test/"
}