Contracts
Under New Hampshire law, a seller who fails to disclose known material defects that the buyer could not reasonably discover may be liable for:
ANothing if the buyer had a home inspection
BFraudulent concealment and/or negligent misrepresentation, resulting in damages✓ Correct
COnly a refund of the commission
DOnly criminal charges
Explanation
A seller who conceals or fails to disclose known material defects may be held liable for fraudulent concealment or negligent misrepresentation. The buyer may sue for damages, rescission, or other remedies.
Related New Hampshire Contracts Questions
- A NH purchase contract that is 'subject to seller finding a new home' is an example of a:
- A New Hampshire lease option agreement gives the tenant the option to:
- A real estate contract that lacks consideration is:
- A NH buyer's waiver of the financing contingency means the buyer:
- A buyer in New Hampshire inserts a home inspection contingency into the purchase agreement. This allows the buyer to:
- Under the statute of frauds in New Hampshire, real estate contracts must be:
- The term 'closing' in a New Hampshire real estate transaction refers to:
- Time is of the essence in a New Hampshire real estate contract means:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →