Environmental
A Wisconsin seller who discovers buried oil tanks on the property during listing should:
ARemove the tanks quietly before listing to avoid disclosure
BDisclose the tanks as a material adverse fact and assess cleanup needs✓ Correct
COnly disclose if the tanks are leaking
DObtain a DNR waiver before disclosing
Explanation
Known buried oil tanks are material adverse facts that must be disclosed; attempting to conceal them before listing could constitute fraudulent misrepresentation.
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