Mark Wasser negotiated to purchase a 67-year-old apartment building from Michael and Anna Sasoni. The Sasonis told

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Mark Wasser negotiated to purchase a 67-year-old apartment building from Michael and Anna Sasoni. The Sasonis told Wasser that the building was “a very good building” and “an excellent deal.” The contract stated that the Wassers took the building “as is” and that there were no express or implied warranties or representations. After Wasser took over the building, he discovered that it needed major structural repairs. He sued the Sasonis, claiming that they had failed to disclose defects. Who wins? (Slow down before answering.) Ethically, who should win? Why?

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Introduction To Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

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