Contracts
A Wyoming seller who discovers a material defect AFTER signing the purchase agreement but BEFORE closing must:
AKeep the discovery confidential to avoid jeopardizing the sale
BDisclose the newly discovered material defect to the buyer✓ Correct
COnly disclose if the defect appears in the pre-closing walkthrough
DOnly disclose if the defect costs more than $5,000 to repair
Explanation
The duty to disclose material defects is ongoing through closing. If a seller discovers a new material defect after signing the purchase agreement, they must disclose it to the buyer.
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