PLEASE ANSWER

You work in the Legal/Business Affairs department of ABC, Inc., a New York Corporation. You have been informed of the following four matters and asked by your boss, Samantha Burnett, ABCs president, to send her a memorandum advising her of all possible legal implications, risks, matters, suggestions, directives, etc. relating to these four matters.

ABC is seeking to sell two large industrial machines in its factory for the total price of $100,000. A potential buyer is visiting next week to inspect the machines. As Burnett knows, one of the machines has faulty electrical wiring which could at any time burst into a serious fire. This condition cannot be discovered by a cursory inspection of the machines. If asked about the wiring, Burnett will tell the truth and likely reduce the purchase price. However, if she is not asked specifically about the wiring, Burnett does not plan to mention it.