If your new washing machine goes wrong within the guarantee period, the manufacturer will normally mend it or replace it, such that you suffer no loss. However if you are forced to have it repaired by someone else, quantifying your claim against the manufacturer is straightforward, because you are entitled to claim the costs of repair.
Contrast that with the position relating to the acquisition of a business, when the purchaser finds there is something wrong with what has been purchased. The main route for claiming damages in these circumstances is through the warranties which are given by vendors as to the state of the business as at the completion date.
For example it is common for the vendor to warrant that the debts of the business are recoverable. Where the business is involved in manufacturing, it is usual to warrant the condition of the plant and machinery it uses. However if it turns out that debts which have been warranted to be good are in fact bad, or if it transpires
