Oliver Wendell Holmes, Jr., Frederic Grant Shoe Company v. W M Laird Company…
“ But ordinarily the risk was not taken by the speaker unless the statement was fraudulent; and it was precisely because it was a warranty,-that is, an absolute undertaking by contract that a fact was true,-that, if a warranty was alleged, it was not necessary to lay the scienter. Schuchardt v. Allen, 1 Wall. 359, 17 L. ed. 642; Norton v. Doherty, 3 Gray, 372, 63 Am. Dec. 758. In other words, a claim on a warranty, as such, necessarily was a claim arising out of a contract, even if, in case of actual fraud, there might be an independent claim purely in tort. ”
