law suit: Caveat Venditor
- 08/24/17 10:44 PM
Buyer Beware is dead? In recent years the courts in Arizona have ruled that the seller has an obligation to disclose any material issue of fact known at the time of sale. Material issue of fact is generally considered anything that has to do with the value of the property, however there are a few exceptions for contagious disease, crimes, etc. Recently a buddy was sued by a previous buyer of a property. The buyer sued him under the assumption that a material defect to the sewer line of the house had not been disclosed. This was not the case as my friend had … (3 comments)
Buyer Beware is dead?
;)
;)
