Contracts
A buyer who discovers a previously unknown major defect after closing but before moving in may have which remedy?
ANo remedy — all sales are final at closing
BA claim against the seller for fraud or misrepresentation if the defect was known and concealed✓ Correct
COnly a claim against the real estate agent
DOnly a warranty claim against the builder if new construction
Explanation
If a material defect was known to the seller and concealed, the buyer may have claims for fraud, misrepresentation, or breach of warranty. Discovery after closing does not eliminate these claims.
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