Assignment of Contract Liability - Posted by Jeff

Posted by Jeff on March 05, 2002 at 21:15:58:

Bill and John,

In assigning a contract, can the assignor be liable to the assignee for failure to properly disclose a fault in the property?

For example, can an assignee who closes on a property with termite damage hold assignor liable for failure to properly disclose that information? If so, would adding a warranty disclaimer help?