In Most Jurisdictions, a Seller Has a Duty to Disclose

question 62

True/False

In most jurisdictions, a seller has a duty to disclose any known defect that materially affects the value of the property and that a buyer could not reasonably discover.

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Definitions:

Domestically Produced

Goods manufactured or harvested within a country's borders.

Trade Surplus

A situation where a country's exports exceed its imports, indicating a positive balance of trade.

Exchange Rate

Value of one nation’s currency relative to the currencies of other countries.