Conditions are major and essential terms which goes to root of the contract
If a term is seen as a condition by the court, the parties have rights to claim damages and terminate the contract, although party may decide to affirm.
Warranties are minor terms. It majorly describes contractual term that if breached wont lead to serious consequences.
In an insurance contract, if a term is label as a warranty, it is actually a major term. The classification of the terms creates certainty for the party and the court.
The third classification, Innominate terms, was introduced by the courts because of ‘the odd terms’. It can be often described as the court remedial flexibility. Innominate terms operate on a wait and see approach and it adds a degree of flexibility to the classification, which upsets the traditional classification.
The remedy depends on the effect of the term and not the status of the term.