Which of the Following Is True About Contracts That Pertain

question 36

Multiple Choice

Which of the following is true about contracts that pertain to sales of real estate?

• A) The seller gets the benefit of caveat emptor whenever a lack of information dispute arises.
• B) The Truth in Lending Act puts the burden on the buyer to discover defects and holds that fraud by silence should be looked out for by the buyers.
• C) Many courts today recognize that caveat emptor produces unfair results.
• D) Courts nowadays are increasingly protecting developers, sellers, and their agents.

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Definitions:

Just-World Phenomenon

The cognitive bias to believe that the world is inherently fair, leading individuals to justify an unequal treatment or outcomes for others.

Ingroup Bias

The tendency to favor members of one's own group over those from external groups.

Social Identities

Aspects of a person's identity that are derived from their perceived membership in societal groups, such as race, gender, nationality, etc.

Procedural Unfairness

The perception that the processes used to make decisions or resolve disputes are not impartial, transparent, or equitable.