A seller listed their house for sale on an "as is" basis. The seller disclosed to the listing agent that the plumbing was outdated and needed replacement. Later the seller discovered termite damage and notified the agent. If neither the seller nor the agent told a buyer about the damage., would the buyer be able to sue at a later date when the termite damage is found?
A. No, because the property was sold on an "as is" basis.
B. No, because the buyer has the right to get the property inspected prior to closing.
C. Yes, because the agent did not disclose the damage to the buyer when it was discovered.
D. Yes, because the seller is responsible to repair all defects on the property on an "as is" basis.
Answer: C. Yes, because the agent did not disclose the damage to the buyer when it was discovered.
You might also like to view...
People who justify such high executive compensation say the large payments are necessary
a. to attract and retain top talent. b. to keep the executives motivated. c. both a & b d. to use profit sharing.
What is the meaning of a quiet title action:
A: Purchasing property through a dummy transaction; B: An action to quiet a noisy tenant; C: Foreclosure action; D: Court action to remove a cloud on the title.