Buyer v. Seller: Latent Structural Defects and Contract Rescission

A buyer, after entering into a contract to purchase a building, discovered significant structural defects which were latent and could not have been detected during a preliminary inspection, leading the buyer to sue the seller for rescission of the sale and damages based on the warranty against latent defects. The court found that the seller had a legal obligation to warrant the property against such non-apparent defects, and since the defects rendered the property unfit for its intended use, the lower court erred in rejecting the rescission claim solely because the buyer had paid the full price, thus the decision was partially overturned to allow for rescission or a price reduction, as stipulated by law regarding latent defects.