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If the seller is unable or unwilling to repair the damage, sufficient funds can be withheld by the lawyer on closing that would be used to repair the damage.

The Buyer's Salesperson should ask the Seller's Salesperson to request that the seller either repair the damage or adjust the purchase price.
A. True
B. False

User Schickb
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1 Answer

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Final answer:

It is true that funds can be withheld to cover repairs if the seller does not fix damages, and the buyer's salesperson should indeed request such repairs or price adjustments. Warranties and service contracts can offer buyers additional security in these transactions.

Step-by-step explanation:

If the seller is unable or unwilling to repair the damage, it is true that sufficient funds can be withheld by the lawyer on closing that would be used to repair the damage. It is standard practice for the Buyer's Salesperson to request the Seller's Salesperson to ask the seller to either repair the damage or adjust the purchase price. This ensures that the buyer is not disadvantaged by any existing damage that was not accounted for in the initial agreement. In such cases, a warranty or a service contract can be very reassuring to the buyer, particularly for large purchases such as cars, appliances and houses, as they promise to fix or replace goods, or cover the costs of repairs for a set time period.

User Brittonv
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