Most yacht policies have a latent defect clause which provides specific coverage for latent defects, while others specifically exclude latent defects from coverage.
When ported to a new system where those properties are different, the latent defects might be manifest as harmful bugs. But the good news is that advanced static analysis tools can flush out these lat…
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In the law of the sale of property (both real estate and personal property or chattels) a latent defect is a fault in the property that could not have been discovered by a reasonably thorough inspection before the sale.. The general law of the sale of property is caveat emptor (let the buyer beware) and buyers are under a general duty to inspect their purchase before taking possession.
When a contract of sale is concluded, one of the obligations of the seller towards the buyer is that s/he is to warrant the thing sold. The warranty that the seller owes to the buyer is two-fold. Firs…
Hidden defect in material and/or workmanship of an item which may cause failure or malfunction, but is not discoverable through general inspection.Also called hidden defect. See also patent defect.
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Not so here in Quebec. Here, a legal warranty offers some protection for buyers who discover latent defects, which are problems that are not visible or revealed in a home inspection. Montreal lawyer S…
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