Short answers (250 word max each) and 2 multiple choice questions.
1.Lawyer, representing Owner in the sale of a 50-year-old house, tells Buyer that “this house is in top condition,” knowing that the chimney needs repairs and that cracks are beginning to form in the plaster in some portions of the walls. Is this ethical (and why)? What if Lawyer instead says, “you won’t find a nice older house like this in better condition for this low a price,” knowing that there is a very similar house down the street in better condition being offered for a lower price?
2. An attorney represented a shopkeeper who was trying to sell his business, and was approached by an interested buyer. The attorney told the potential buyer that she believed the opportunity to purchase the business would be brief because the business was being offered at a very low price. In fact, the attorney believed that the business was priced too high, and that the shopkeeper would have difficulty selling it for that reason. Was the attorney’s statement to the potential buyer proper?
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