New section 175.1 also addresses the situation where the warranty holder is a registrant that has claimed an input tax credit or a rebate and is subsequently reimbursed on account of tax by the warrantor. |
Extended warranties shall be issued by the warrantor to the benefit of the Owner. |
Now, the seller had better beware of what he says, for he may find himself liable as a warrantor. |
The warrantor expressly disclaims liability for incidental, special, or consequential damages of any nature. |
In truth, SWIFT, through its bodies, is the warrantor, the clerk and the executor of the decisions of the financial community that has gathered around common stakes and needs. |
The existing legislation did not provide a basis on which to allow input tax credits to the warrantor in respect of the tax portion of reimbursements in these circumstances. |