Contracts
A Kentucky seller's disclosure that is intentionally incomplete or inaccurate may expose the seller to liability for:
AOnly breach of contract
BFraud or misrepresentation, in addition to breach of contract✓ Correct
COnly KREC disciplinary action
DNo liability if the buyer had a home inspection
Explanation
An intentionally false or incomplete seller's disclosure can expose the seller to fraud claims, which may allow the buyer to rescind the contract and seek damages beyond those available for breach of contract.
Related Kentucky Contracts Questions
- In a Kentucky sale with seller financing, the promissory note and mortgage should be prepared by:
- In a Kentucky real estate contract, an addendum is used to:
- A Kentucky real estate contract that allows either party to terminate for any reason without cause is called a:
- A Kentucky real estate contract provision that limits one party's liability in the event of default to a predetermined dollar amount is called a:
- Novation in a Kentucky real estate transaction means:
- A Kentucky buyer who finds a material defect after closing that was not in the seller's disclosure may pursue a claim if:
- In Kentucky, if a real estate contract does not specify a remedy for breach, the non-breaching party's remedies include all of the following EXCEPT:
- Kentucky courts may refuse to enforce a contract clause that is extremely one-sided and unfair to one party under the doctrine of:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →