Wednesday, February 1, 2006
From Arkansas, an interesting case of alleged misrepresentation. The parcel in question (near Fayetteville) which runs along a highway was advertised as “having commercial potential.” Unfortunately, for the buyers, it turns out the most valuable part of the property – that is, the portion fronting the highway – had in the past been used for a landfill. The buyers also allege that they asked questions about environmental liabilities and withdrawn bids, and were not told the truth.
Now how much does that stink?
[Miriam Cherry, hat-tip Gariel Nahoum]