Which two exceptions to Alabama's caveat emptor policy are defined by specific court cases?

The correct answer identifies "new realty and health/safety issues" as the two exceptions to Alabama's caveat emptor policy as established by specific court cases.

Caveat emptor, meaning "let the buyer beware," generally places the burden on buyers to perform due diligence before making a purchase, particularly in real estate transactions. However, Alabama courts have recognized that there are exceptions to this principle.

New realty refers to properties that are newly constructed or have recently undergone significant renovations. Courts have ruled that sellers of such properties must disclose known defects that a buyer would not easily discover through ordinary inspection. This responsibility is particularly pertinent for newly built homes where potential issues may not be immediately apparent.

Health/safety issues encompass any significant risks or hazards that could endanger the well-being of occupants or users of the property. Sellers may be legally obligated to disclose these issues, such as the presence of harmful substances (like lead paint or asbestos) or conditions (like mold) that could pose a direct health risk.

In contrast, the other choices do not align specifically with exceptions that have been definitively established through court rulings. While matters like title disputes and marketability issues, or financing discrepancies and ownership rights are important in real estate transactions, they