Question

A water leak inside a wall isn't really a big deal, so it's not a material fact. Is this statement

1) True
2) False

Answer 1

The statement is false; a water leak is a material fact because it can lead to serious damage and affect property conditions.

Step-by-step explanation:

The statement that a water leak inside a wall isn't really a big deal and thus not a material fact is false. A water leak can cause significant damage over time, leading to mold growth, structural damage, and even electrical hazards if left unaddressed. Therefore, a water leak inside a wall is indeed a material fact when it comes to property conditions, especially in real estate transactions.