Under the Transfer of Property Act, 1882, which of the following is not a duty of the seller?
The statutory disclosure duty concerns material defects known to the seller, unknown to the buyer and not discoverable by the buyer with ordinary care: latent defects.…
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Under the Transfer of Property Act, 1882, which of the following is not a duty of the seller?
Answer and explanation
Correct answer B
The statutory disclosure duty concerns material defects known to the seller, unknown to the buyer and not discoverable by the buyer with ordinary care: latent defects. Patent defects are discoverable on ordinary inspection and do not fall within that specific disclosure duty. Producing title documents, executing the proper conveyance and paying the prescribed pre-sale outgoings are among the other section 55 duties.
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