sch.3-sec.120Existing warranties implied on sale of stock

### sch.3-sec.120 Existing warranties implied on sale of stock This section applies if— before the commencement, there has been a sale or agreement for the sale of stock under the repealed Act, section 20; and whether before or after the commencement, there is conclusive evidence, within the meaning of the repealed Act, section 20, of a breach of the warranty implied under that section about the stock. From the commencement, the following continue to apply in relation to the warranty as if this Act had not been enacted— the rights of the purchaser of a head of stock under the repealed Act, section 20(3)(a); the obligations of the vendor of a head of stock under the repealed Act, section 20(3)(b); the repealed Act, section 20(2), (3A), (3B) and (6); a regulation made before the commencement for the purposes of the repealed Act, section 20(11). (sch.3-sec.120-ssec.1) This section applies if— before the commencement, there has been a sale or agreement for the sale of stock under the repealed Act, section 20; and whether before or after the commencement, there is conclusive evidence, within the meaning of the repealed Act, section 20, of a breach of the warranty implied under that section about the stock. (sch.3-sec.120-ssec.2) From the commencement, the following continue to apply in relation to the warranty as if this Act had not been enacted— the rights of the purchaser of a head of stock under the repealed Act, section 20(3)(a); the obligations of the vendor of a head of stock under the repealed Act, section 20(3)(b); the repealed Act, section 20(2), (3A), (3B) and (6); a regulation made before the commencement for the purposes of the repealed Act, section 20(11). - (a) before the commencement, there has been a sale or agreement for the sale of stock under the repealed Act, section 20; and - (b) whether before or after the commencement, there is conclusive evidence, within the meaning of the repealed Act, section 20, of a breach of the warranty implied under that section about the stock. - (a) the rights of the purchaser of a head of stock under the repealed Act, section 20(3)(a); - (b) the obligations of the vendor of a head of stock under the repealed Act, section 20(3)(b); - (c) the repealed Act, section 20(2), (3A), (3B) and (6); - (d) a regulation made before the commencement for the purposes of the repealed Act, section 20(11).