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60 of 75 When would an owner not be held liable for an omission in the property condition disclosure? The owner received info
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Answer #1

(b) The owner did not have actual knowledge of the omitted fact.

Explanation:

Choice (a) is not suitable as the owner has received information from a public agency. This implies that the owner had the knowledge of the fact but intentionally decide not to disclose the condition. Therefore, owner will be held liable.

Choice (b) is suitable because owner genuinely doesn't have the knowledge of the omitted fact. Therefore, owner cannot be held liable in such a scenario.

Choice (c) is not suitable because owner's assessment regarding insignificance of the unreported omission is not sufficient to protect the owner to protect the owner from the liability for not disclosing the omitted fact.

Choice (d) is not suitable as owner has been negligent in reporting the omission because of his agent's advise. Owner will still be held guilty for omission of facts.

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