As the Text Notes on P

question 45

Essay

As the text notes on p. 386, disclosure laws may require sellers to disclose the occurrence of some deaths in the home with prospective buyers. But what about ghosts? Find the case Stambovsky v. Ackley , 169 A.D.2d 254 (N.Y. App. Div. 1991). Why did the court conclude that the seller owed a duty to disclose to the buyer that the home had a reputation for being haunted? Do you agree? Why or why not? Consult this primer on stigmatized property as you develop your response:
http://www.americanbar.org/content/dam/aba/publishing/probate_property_magazine/rppt_mo_premium_rp_publications_magazine_2005_mj_perlin.authcheckdam.pdf

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Definitions:

Single Buyer

A market situation where there is only one buyer, or consumer, for a particular product or service, often leading to monopsony power.

Single Seller

A market structure where there is only one provider of a particular product or service, leading to monopoly.

Federal Judicial Power

The authority granted to federal courts and judges to rule on legal disputes, including interpreting the Constitution and laws of the United States.

Article III

Pertains to the section of the U.S. Constitution that establishes the judicial branch of the federal government.