A seller discloses a known roof leak in writing on the Alaska seller's disclosure form before closing. The buyer later sues the seller over the roof condition. What protection does the seller's honest written disclosure provide?
Correct Answer
B) It protects the seller from liability for that condition because the defect was honestly and fully disclosed to the buyer before closing
Under Alaska's disclosure requirements, a seller who honestly and fully discloses a known defect in writing on the seller's disclosure form is generally protected from later claims by the buyer regarding that specific disclosed condition. The buyer is deemed to have accepted the property with knowledge of the disclosed defect. This good faith disclosure does not, however, shield the seller from liability for defects that were concealed or not disclosed.
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