Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lillian wants to buy Ruthie's house. She sends Ruthie a written offer that Ruthie signs and accepts. A few weeks after they close the sale

image text in transcribed
Lillian wants to buy Ruthie's house. She sends Ruthie a written offer that Ruthie signs and accepts. A few weeks after they close the sale and Lillian moves in, she notices a big stain on the carpet downstairs. Lillian had never been downstairs prior to entering into the contract. Can Lillian sue Ruthie for failing to disclose the stain? No, because the doctrine of caveat emptor applies Yes, because Ruthie had a duty to disclose the stain No, because there was no contract Yes, because the stain was a latent defect No, because the contract was in writing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Version 3.0

Authors: Leah Kratz, Joe Ben Hoyle, C. J. Skender

3rd Edition

1453392904, 9781453392904

More Books

Students also viewed these Accounting questions