Prop2 Class 5 – Contract of Sales III

January 29th, 2013

Today we will talk about implied warranties of quality, and introduce the concept of the deeds.

The lecture notes are available here. The livechat is available here.

This story about whether a seller has a duty to disclose that a previous owner of a home died from a drug overdose ties into our lecture from last class. Also this story, explores whether a buyer in New York City can recover a $5 million downpayment for a luxury home. This article talks about a Pennsylvania case where a buyer seeks to rescind a contract to purchase a house because the seller failed to disclose there was a murder-suicide in the home. Finally, we will reference this Texas General Warranty Deed in class.