Search results
Results from the WOW.Com Content Network
Caveat is Latin for "beware". [1] In Australian property law and other jurisdictions using the Torrens title system, a caveat is a warning that someone other than the owner claims some right over or nonregistered interest in the property .
Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they ...
An erroneous opinion as to the value of the thing which forms the subject matter of the agreement is not to be deemed a mistake as to a matter of fact. [4] For example, a woman finds a stone and sells it as a topaz. It was a raw uncut diamond worth hundreds of times the selling price. The contract is not voidable.
How to check if a property has one. Peter G. Miller. February 28, 2024 at 3:20 PM. ... which protects the lender and covers up to the value of the mortgage if a defect is found.
In construction contracting, a latent defect is defined as a defect which exists at the time of acceptance but cannot be discovered by a reasonable inspection. [2]In the 1864 US case of Dermott v Jones, the latent defect lay in the soil on which a property had been built, giving rise to problems which subsequently made the house "uninhabitable and dangerous".
Home values in the U.S. increased by about $2 trillion in 2023, reaching a whopping total value of $47.5 trillion. For home sellers, that’s good news. However, you shouldn’t assume that the ...
Property values have had quite a run since the 2020 pandemic, more than doubling in many markets. Between that run-up, high inflation the past two years, persistently high interest rates and the ...
For the most part, the exemption reasoning and caveats are outlined in paragraphs (b)–(d) and (g)–(i) of Sec. 3.3 of Executive Order 13526, but paragraph (b) is typically the one being referenced as the exemption reason value <m>.