Contracts
Indiana's doctrine of caveat emptor (buyer beware) has been significantly limited in residential real estate by:
ARESPA regulations
BThe Indiana Seller's Residential Real Estate Sales Disclosure Act requiring sellers to disclose known defects✓ Correct
CFederal Truth in Lending Act
DFIRREA regulations
Explanation
The traditional principle of caveat emptor — where buyers must beware and investigate on their own — has been substantially modified in Indiana by the Seller's Disclosure Act, which requires sellers to affirmatively disclose known material defects.
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