Nebraska Statutes 76-2403. Adverse material fact, defined
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Adverse material fact shall mean a fact which (1) significantly affects the desirability or value of the property to a party and is not reasonably ascertainable or known to a party or (2) establishes a reasonable belief that another party will not be able to, or does not intend to, complete that party’s obligations under a contract creating an interest in real property.
Terms Used In Nebraska Statutes 76-2403
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.