Pierce was looking at an open house with a pool.Quincy,the owner,makes the statement,"Well,we'll be taking the pool with us when we go," and the two men laugh.Pierce buys the house.When he moves in,he sees that the pool has been excavated.Which of the following is true?
A) Pierce has rights to the pool because it is a fixture.
B) Quincy has rights to the pool as long as he removed it before he sold the house.
C) Quincy has rights to the pool as long as he reduced the price of the house accordingly.
D) Pierce has no way to recover damages because of the rule of caveat emptor.
E) Quincy did not give up rights to the pool because he did not abandon it.
Correct Answer:
Verified
Q55: Which of the following statements is TRUE
Q56: Aimee has just received a diamond ring
Q57: Which of the following statements is TRUE
Q58: Solace Insurance Company (SIC)sold an insurance policy
Q59: Theta Ltd owned a widget worth $50
Q61: Raja gave a widget to Northwest Storage.Under
Q61: What is subrogation? What is indemnification? How
Q63: As a result of a bailment, Mitsu
Q65: Explain the meaning and relevance of "inherent
Q74: "Property law, like nature, abhors a vacuum.Consequently,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents