When a fact is known to the agent of a seller, the sale is deemed made by the seller with knowledge of that fact.

Question

Quizplus · Accepted Answer

This statement is true. If the seller knows or has knowledge of a fact related to the sale, then the sale is considered to be made by the seller with knowledge of that fact. This places a responsibility on the seller to disclose any relevant information they may have to potential buyers.

When a Fact Is Known to the Agent of a Seller