Environmental
A Massachusetts property seller knows about an oil spill in the basement from a leaking fuel tank. Under the Seller's Statement of Property Condition, the seller must:
ADisclose the known contamination✓ Correct
BRemediate the contamination before disclosing
CKeep it confidential to prevent a lower sale price
DDisclose only if the buyer asks specifically about oil tanks
Explanation
Known environmental contamination is a material defect that must be disclosed on the Massachusetts Seller's Statement of Property Condition. Concealing known contamination is fraudulent misrepresentation.
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