During the Sale of a House, If the Seller Does

question 58

True/False

During the sale of a house, if the seller does not inform the buyer about construction flaws of the house despite the buyer's inquiry, the seller is liable for fraud by concealment.

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Definitions:

Profitable

Being profitable means that a company or business generates more revenue than the costs involved in its operation, resulting in a positive financial gain.

Friendly Merger

A merger agreed upon by all parties involved, where the companies willingly combine due to perceived mutual benefits.

Hostile Merger

A takeover attempt that is made against the wishes of the target company's management and board of directors.

Merger Negotiations

Discussions and strategic planning between two or more companies with the goal of combining their operations, typically to achieve synergies.