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Simple English definitions for legal terms

Stambovsky v. Ackley

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A quick definition of Stambovsky v. Ackley:

In Stambovsky v. Ackley, a man bought a house that he later found out was believed to be haunted. The seller had promoted the house's ghostly reputation in the press and the buyer was not aware of it. The court ruled that the seller had created a reputational condition that impacted the value of the property and the deal between the buyer and seller. The buyer was allowed to rescind the contract and recover his down payment because the seller had not disclosed the information about the house's reputation, which was unlikely to be discovered by a prudent purchaser exercising due care. The court found that the seller owed a duty to the buyer to disclose the information and that enforcement of the contract would be offensive to the court's sense of equity.

A more thorough explanation:

Definition: A legal case in which the buyer of a house was allowed to rescind the contract and recover their down payment because the seller had created a reputation that the house was haunted by ghosts, which impacted the value and resale potential of the property.

Example: Mr. Stambovsky bought a house from Ms. Ackley, but later found out that the house was reputed to be haunted by ghosts. Ms. Ackley had promoted the ghostly reputation of the house in the media. Mr. Stambovsky was not aware of this reputation and had no way of discovering it through a reasonable inspection of the property. The court allowed Mr. Stambovsky to rescind the contract and recover his down payment because the ghostly reputation of the house impacted the value and resale potential of the property, and was created by the seller.

Explanation: The case illustrates the principle that a seller cannot create a reputational condition about a property that materially impairs its value and resale potential, and then fail to disclose it to the buyer. If the reputational condition is peculiarly within the knowledge of the seller and unlikely to be discovered by a prudent purchaser exercising due care, then nondisclosure of such information constitutes a basis for rescission as a matter of equity. The case also shows that the caveat emptor doctrine, which requires the buyer to exercise due care in assessing the fitness and value of the purchased property, does not apply when the seller has created a reputational condition that is unlikely to be discovered through a reasonable inspection of the property.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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