Contracts
In Massachusetts, a seller who makes a 'material misrepresentation' in the Seller's Disclosure Statement may be liable under:
AOnly the purchase contract
BCommon law fraud, Chapter 93A (Consumer Protection Act), and potentially criminal fraud statutes✓ Correct
COnly if the buyer has a direct contract claim
DOnly the Massachusetts Zoning Act
Explanation
A seller who deliberately misrepresents material property facts may face multiple legal claims: common law fraud/misrepresentation, Chapter 93A for unfair and deceptive practices, breach of contract, and potentially criminal fraud charges.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
State-Specific Concepts
Disclosure Requirements
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