Most States Consider a Warranty of Habitability to Be Implied

question 38

True/False

Most states consider a warranty of habitability to be implied for the protection of the buyer in the sale of a new home, and some states hold that the warranty also protects subsequent buyers.

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Definitions:

Rights And Interests

Legal entitlements and benefits associated with property or other legal holdings.

Ownership

The legal right or title to an asset or property, granting the holder complete control over its use and distribution.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.

Bailment

A legal relationship where physical possession of personal property is transferred from one person to another under agreement that the property will be returned or otherwise disposed of according to the owner's directions.