Which of the Following Was the Result on Appeal in Strawn

question 7

Multiple Choice

Which of the following was the result on appeal in Strawn v.Canuso,the case in the text involving whether the defending developers of new homes and the real estate brokers marketing those homes had a duty to disclose to buyers that the homes were constructed near an abandoned hazardous waste dump?

• A) That the defendants should have disclosed the existence of the landfill but that they could not be held liable for money damages based on the caveat emptor rule.
• B) That the defendants and the plaintiffs shared responsibility resulting in the defendants being responsible for 50% of the damages suffered by the plaintiffs.
• C) That the defendants did not violate any duty because the burden was on the buyers to determine the prior use of the land.
• D) That the defendants violated their duty to disclose the existence of the landfill and were liable to the plaintiffs.

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Definitions:

Receivables Monitoring

The process of overseeing and managing the amounts owed to a company by its customers for goods or services provided.

Net Float

The difference between checks written against and deposited in an account, which has not yet been cleared and credited or debited.

Writes Cheques

The act of creating a written document instructing a bank to pay a specific amount of money from the writer's account.

Cheques Clear

Refers to the process by which a bank verifies that the funds available in the account of the individual who wrote the cheque are sufficient to cover the amount, and subsequently moves those funds to the account of the cheque recipient.