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14-5. Misrepresentation. Charter One Bank owned a fifteenstory commercial building. A fire inspector told Charter that the building's drinking-water and fire-suppression systems were linked,
14-5. Misrepresentation. Charter One Bank owned a fifteenstory commercial building. A fire inspector told Charter that the building's drinking-water and fire-suppression systems were linked, which violated building codes. Without disclosing this information, Charter sold the building to Northpoint Properties, Inc. Northpoint spent $280,000 to repair the water and fire- suppression systems and filed a suit against Charter One. Is the seller liable for not disclosing the building's defects? Discuss. [Northpoint Properties, Inc. v. Charter One Bank, 2011-Ohio- 2512 (Ohio App. 8 Dist. 2011) (See Fraudulent Misrepresentation.)
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