Contracts
An Indiana seller's disclosure form reveals that the property has a history of water intrusion in the basement. A buyer purchases the property and later claims the disclosure was inadequate. The seller's best defense is:
AThey did not know about the water intrusion
BThe disclosure form accurately described the known condition, and the buyer had the opportunity to inspect and accepted the risk✓ Correct
CThe buyer's agent was responsible for investigating
DWater intrusion is a normal condition in Indiana
Explanation
When a seller properly and fully discloses a known condition, the buyer who purchases with knowledge of that condition has accepted the risk. Proper disclosure is the seller's best defense against post-closing claims.
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