Random Fact

Here is a random business tip I learned today in my Business Law class:

When engaging in a commercial transaction (such as buying a building in which to put your yarn store, let’s say), the seller is under no legal obligation to tell you if anything is wrong or unsafe with the building. Therefore, you must ask a lot of questions, and one in particular. “Is there anything that you know about this place that I should know?” Now they will have lied if they say nothing is wrong with the place, which is different then just choosing not to disclose. Now, if something goes wrong, you may be able to sue them for fraud.

I love law class. 🙂


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