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To reach a decision on this issue, he considered the requirements of section 1769. He points out that while this legislation is made to protect sellers from undue delayed claims for damages, the personal injury that was inflicted in this case plays an important role in the determination of the judgement. Accordingly, since there was a personal ...
The McGraths' lawsuit first claimed that they entered into a contract to purchase their Arkansas home from Jupiter Rentals (through Dave Marrs) on May 22, 2022.
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".
Lost volume seller is a legal term in the law of contracts. Such a seller is a special case in contract law.Ordinarily, a seller whose buyer breaches a contract and refuses to purchase the goods can recover from the breaching buyer only the difference between the contract price and the price for which the seller ultimately sells the goods to another buyer (plus, under some circumstances ...
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article , discuss the issue on the talk page , or create a new article , as appropriate.
An American subsidiary of the Chinese electronics and appliances giant Haier Group was assessed a $587,500 penalty for failing to promptly disclose that it knew wires were breaking in its fans ...
The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1] Deliberate misrepresentation in the statement can result in liability. [2] Seller disclosure statements are not compulsory in New ...
Title costs: In some cases, the seller will pay title-related fees as well as, or instead of, the buyer. For instance, in most of Florida, sellers cover the cost of an owner’s title insurance ...