Jerry Seller has put his home on the market after being ther…
Jerry Seller has put his home on the market after being there for only 2 years. Jerry Seller tells Casey Buyer that there was all new plumbing installed 3 years ago by the previous owner before Jerry. Jerry believes this is true because the previous own told him so. A pipe bursts and damaged the house after Casey Buyer purchased the home. He finds out that all of the plumbing is rusted and, in fact, not newly installed 3 years ago. If Casey sued Jerry, would this be considered fraud or misrepresentation? Explain.
Read DetailsWhen a property is under contract, normally the one holding…
When a property is under contract, normally the one holding _____ title assumes the risk of loss in the event of damage or destruction before conveyance, buy by agreement, the liability may be moved to the one holding ________ title.
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