What Is The Mcdowell's Physical Occure?

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Recommended: Explain caveat emptor

Here, the McDowell’s performed an adequate physical inspection of the property and necessary due diligence as required by New York under the doctrine of caveat emptor. In Daly, the buyers similarly performed a physical inspection of the property, but differed in that they failed to perform due diligence regarding the discovery of material fact from the inspection. In Daly, the buyer had a physical inspection performed on the property, it was discovered that there was evidence of previous water intrusion and the buyers were recommended to consult with neighbors and local authorities about the defect. This is distinguishable from the McDowell’s case because they hired a surveyor and inspector to examine the property. The surveyor found that the

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