Question
1. As a term of the agreement of purchase and sale, Buyer demands that Vendor obtain a legal opinion stating that the Vendor has valid
1. As a term of the agreement of purchase and sale, Buyer demands that Vendor obtain a legal opinion stating that the Vendor has valid title to the property that is being sold. Vendorretains his lawyer to prepare the title opinion and, when it is complete, Vendor gives it to Buyer and it has no disclaimers in it. The transaction closes.A year later, Buyer is contacted by someone claimingto be the owner of the property and demands they vacate. Upon inspection of the title to the property, it is discovered that Vendor never was the owner of the property - and any reasonable lawyer would have discovered this had they done a proper review of title. Vendor has since gone bankrupt and cannot be sued. Buyer can still...
Group of answer choices
A. sue the lawyer in tort using a third-party liability claim.
B. sue the lawyer in contract using a third-party liability claim.
C. sue the lawyer in tort using a vicarious liability claim.
D. sue the lawyer in contract using a vicarious liability claim.
E. either A or B.
F. either C or D.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started