Contracts
What is a 'material fact' that must be disclosed under Delaware real estate law?
AAny fact that the seller thinks the buyer would find interesting
BAny fact that would affect the value or desirability of the property that a reasonable buyer would want to know✓ Correct
CAny fact related to the property's building materials
DOnly facts required to be disclosed by the Commission's disclosure form
Explanation
A material fact is any fact that a reasonable buyer would consider important in deciding whether to purchase the property and at what price — including defects, encumbrances, environmental issues, and neighborhood conditions.
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