Is the seller liable for not disclosing the buildings


Charter One Bank owned a fifteen-story commercial building . A fire inspector told Charter that the building's drinking-water and fire suppression systems were linked, which violated building codes. Without disclosing this information, Charter sold the building to Northpoint Properties, Inc. Northpoint spent $280,00 to repair the water and fire-suppression systems and filed a suit against Charter One. Is the seller liable for not disclosing the building's defects?

Solution Preview :

Prepared by a verified Expert
Business Management: Is the seller liable for not disclosing the buildings
Reference No:- TGS02745879

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)