Environmental
A Virginia buyer who discovers after closing that the seller failed to disclose asbestos-containing floor tiles that were knowingly concealed may have a claim for:
ANo claim — all property sold as is
BFraudulent concealment, allowing rescission and/or damages✓ Correct
COnly a warranty claim
DAn insurance claim only
Explanation
Knowingly concealing material defects like asbestos constitutes fraudulent concealment in Virginia. The buyer may pursue rescission of the contract and/or damages despite an as-is provision.
Related Virginia Environmental Questions
- A Virginia residential buyer's water quality test reveals arsenic above EPA standards in their private well. The buyer should:
- Mold in a Virginia rental property is primarily the landlord's responsibility to address when:
- The Chesapeake Bay Preservation Act in Virginia requires localities to establish:
- Volatile organic compounds (VOCs) in a Virginia property can come from:
- Polychlorinated biphenyls (PCBs) are most likely to be found in Virginia commercial buildings constructed before:
- A Virginia property owner discovers an abandoned heating oil tank (UST) in their yard. Their first step should be to:
- A Virginia commercial buyer's Phase II ESA reveals petroleum contamination in soil. The buyer's most important next step is to:
- The National Flood Insurance Program (NFIP) provides flood insurance for properties in communities that:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →