Contracts
In Oregon, what is the doctrine of 'caveat emptor' and does it fully apply to Oregon real estate sales?
AIt fully applies — buyers must investigate everything without disclosure from sellers
B'Let the buyer beware' has been significantly limited by Oregon's mandatory disclosure laws — sellers must disclose known material defects✓ Correct
CCaveat emptor only applies to commercial real estate in Oregon
DOregon applies caveat emptor only to foreclosure sales
Explanation
While caveat emptor ('let the buyer beware') historically placed all investigation responsibility on buyers, Oregon's mandatory disclosure requirements (ORS 105.462–465) significantly limit this principle. Sellers must disclose known material defects in the Seller's Property Disclosure Statement. Oregon's disclosure requirements protect buyers from undisclosed defects the seller knew about.
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