Seller represents to Buyer that "the basement of this house is dry," and it was when Seller said that. But three months later the foundation settles and the basement becomes very damp. Seller has an obligation to disabused Seller of the now incorrect information..

Question

Quizplus · Accepted Answer

Seller made a representation that turned out to be false due to a change in circumstances. Seller has an obligation to update Buyer with the correct information. This is known as the duty to disclose.

Seller Represents to Buyer That "The Basement of This House