ANSWERS-CH24 - divided on the latter issue. 23. Hathaway is...

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CHAPTER 24 REAL PROPERTY ANSWERS TO CHAPTER 24 True-False Multiple Choice 1. F 2. F 3. T 4. T 5. T 6. T 7. F 8. T 9. F 10. F 11. d 12. b 13. c 14. d 15. b 16. c 17. b 18. a 19. d 20. a 21. b Short Essay 22. The duty to disclose applies in cases where the owner of real property knows of a material defect in the property that is not known to or reasonably discoverable by the purchaser. In such cases, failure to disclose this defect in many states constitutes misrepresentation. Note that some states impose upon the seller of real property a statutory duty to disclose certain defects listed in the statute. Most courts apply the duty to disclose to the sale of residential, not commercial property, although courts are
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Unformatted text preview: divided on the latter issue. 23. Hathaway is entitled to continue operating her bookstore because it was a lawful use at the time she opened the store 40 years ago. Zoning laws have prospective effect only. Previously lawful uses in existence at the time of enactment of zoning laws are permitted to remain as nonconforming uses. Hathaway's bookstore would qualify as such a use. 24. The other Rude Awakening property owners are entitled to take legal action to enforce the restrictive covenant against the Bagos. On the facts described, the covenant "ran with the land." Business Law and the Regulatory Environment, 11E 45...
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