Which of the Following Is True Regarding Any Duty Bruce

question 61

Multiple Choice

Which of the following is true regarding any duty Bruce owed to Kathy prior to the sale?

• A) In most states Bruce only had a duty to warn Kathy about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property.
• B) In most states Bruce had a duty to warn Kathy about any defects in the property regardless of whether they could have been discovered through a thorough examination of the property.
• C) In most states Bruce had a duty to warn Kathy about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property and that materially affected the value of the property.
• D) In most states Bruce had no duty to warn Kathy of anything.
• E) In most states Bruce had no duty to warn Kathy of anything so long as she had her own home inspection done.

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Definitions:

Nominal Wages

The amount of money paid to workers before adjustments for inflation, representing the face value of compensation received.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned from work.

Recessionary Gap

A scenario in which the actual GDP of an economy falls short of its potential GDP, showing that resources are not being fully utilized.

Aggregate Demand

The total demand for all goods and services within an economy.