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:

Interrogatories

A set of formal written questions required to be answered under oath, used as a discovery tool in civil litigation to gather information from the opposing party.

Default Judgment

Judgment for the plaintiff that occurs when the defendant fails to respond to the complaint.

Hearsay

Evidence presented in court which is not based on a witness's direct knowledge but on another's statement, not made under oath in the court of law, and thus often not admissible as evidence.

Negligence

The failure to take reasonable care to avoid causing injury or loss to another person.