Kray Holdings, an Alberta-based business, made an offer to purchase a luxury rental property in the city of Vancouver, which it planned to continue to use as a rental property, and provided a $300 000 deposit. The seller, Chan, signed a property disclosure statement indicating she was unaware of material or latent defect with respect to the property. Before the closing date, Kray Holdings discovered that Chan's husband was a gang member and had been murdered two years earlier on the sidewalk immediately outside the gate of the property. The murder remained unsolved. Can Kray refuse to complete the sale and recover its damage deposit?

Case Study Analysis Template (for use in class discussions) Classification of Law: Parties: Plaintiff: Defendant: Type of Court: Case Facts: Case / Issue (sue for...): Judgment / Decision: Reasons: Remedies