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.

---

Definitions:

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets and as a reserve currency globally.

Euro

The official currency of 19 out of the 27 European Union countries, which forms one of the largest economic and trading blocks in the world.

Adopted

The action of legally taking another's child and raising it as one's own or the acceptance and implementation of a measure, idea, or proposal.

England

A country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental Europe.