Latent defect

Latent defect

A hidden flaw, weakness or imperfection in an article which a seller knows about, but the buyer cannot discover by reasonable inspection. It includes a hidden defect in the title to land, such as an incorrect property description.

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Part of Speech: noun
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Blossary:
Industry/Domain: Law
Category: Contracts
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Related terms

latent defect

Law; Contracts

A hidden flaw, weakness or imperfection in an article which a seller knows about, but the buyer cannot discover by reasonable inspection. It includes a hidden defect in the title ...

latent defect

Accounting; Tax

A defect which could not be discovered by ordinary and reasonable inspection

latent defects

Real estate; General

Any defect in a piece of property which is not readily apparent, but which has an impact of the value. Structural damage or termite infestation would be examples of latent ...

latent defects

Real estate; General

Any defect in a piece of property which is not readily apparent, but which has an impact of the value. Structural damage or termite infestation would be examples of latent ...