Expert Buyer's Duty to Inspect vs. Seller's Disclosure Obligation
Synthèse Legislator
Généré par l'IAA lower court wrongly nullified a sale agreement for a property on the grounds that the seller had not disclosed a defect to the buyer, despite the defect being a hidden structural issue that the buyer, an expert in the field, should have been able to discover through a normal inspection. The high court overturned the decision, reasoning that the obligation for the seller to disclose latent defects applies only to those faults that are entirely hidden and unknown to the purchaser, not to those which an expert buyer, acting with due diligence in their professional capacity, ought to have reasonably detected during a standard inspection of the premises.
Regeste Legislator
Généré par l'IAExpert Buyer's Duty to Inspect vs. Seller's Disclosure Obligation: The high court overturned the decision, reasoning that the obligation for the seller to disclose latent defects applies only to those faults that are entirely hidden and unknown to the purchaser, not to those which an expert buyer, acting with due diligence in their professional capacity, ought to have reasonably detected during a standard inspection of the premises.