The Case of VonHoldt V

question 2

Multiple Choice

The case of VonHoldt v.Barba & Barba Construction,Inc.held that:

• A)the implied warranty of habitability does not include actions against a builder brought by a subsequent purchaser for latent defects in an addition to a home.
• B)the plaintiff's complaint should not have been dismissed by the lower court.
• C)when a builder makes a significant addition to a previously built home, an action for damages resulting from latent defects affecting habitability exists under the doctrine of implied warranty of habitability.
• D)Both (b) and (c).

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Definitions:

Industry Structure

The composition and characteristics of firms in a particular market, determining the nature of competition and pricing strategies.

R&D Spending

Expenditures dedicated to research and development activities by businesses or governments aiming to innovate and improve products or services.

Inverted-U Theory

The hypothesis that there is a relationship between the level of stress and performance, resembling an inverted U shape, where performance increases with stress only up to a point.

R&D Effort

Research and Development effort refers to the activities companies undertake to innovate and introduce new products or services.