Join Date: Feb 2010
Location: Narragansett Bay
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Re: What Is A Boat Really Worth?
.......If I spent several thousand dollars on a haul out and survey only to discover a defect that the seller (and broker) probably knew about, that killed the deal, my view is the parties who failed to reveal the defect should be liable for reimbursement of costs.......
How would you write a contract that defined what they probably knew about? While a reasonable thought, I don't think it can work from a practical standpoint. Every time I find something wrong with my boat, I didn't know it yesterday.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.