The Doctrine of Caveat Emptor Requires That a Buyer Bear

question 18

True/False

The doctrine of caveat emptor requires that a buyer bear the burden of examining and finding any defects in the condition of improvements on real estate that he or she purchases.

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Definitions:

Innocent Misrepresentation

A false statement made by someone who believes it to be true, leading to a contractual agreement that can be voided.

Remedies

Legal means for enforcing a right or redressing a wrong, including monetary damages and specific performance.

Parol Evidence Rule

A legal principle that prevents parties in a contract dispute from presenting evidence of prior or concurrent oral agreements that would contradict the written terms of the contract.

Rent

The payment made by a tenant to a landlord for the use of a property, room, or apartment for a designated period.