Thacker v. Tyree

MILLER, Chief Justice:

The issue presented in this appeal is whether the vendor of a dwelling house may be held liable in a suit brought by the purchaser for damages arising from substantial latent defects in a home. Specifically, the inquiry is whether the vendor, who knows of facts which substantially affect the value of the property and also knows that such facts are not known to or would not be known to the purchaser as a result of diligent attention on the part of the purchaser, has a duty to disclose them to the purchaser. The trial court held, apparently based on the doctrine of caveat…