Mandated DisclosuresHidden DefectsMEDIUM
Sellers must disclose the presence of:
Correct Answer
B) Both visible and known hidden defects
Sellers must disclose all known defects, whether visible or hidden. The obligation covers any material defect the seller is aware of, regardless of when it was discovered or repair cost.
Answer Options
A
Only visible defectsB
Both visible and known hidden defectsC
Only defects that cost more than $1,000 to repairD
Only defects discovered in the last yearVideo Explanation2 min
Audio Lesson2 min
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Deep Analysis of This Mandated Disclosures Question
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Related Topics & Key Terms
Related Topics:
seller-disclosure-formsmaterial-defect-definitionproperty-condition-reportsas-is-sales-disclosures
Key Terms:
material defectslatent defectspatent defectsseller disclosurefraudulent concealment
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