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2020 Nebraska Revised Statutes
Chapter 76 - Real Property
76-2403 Adverse material fact, defined.
Universal Citation:
NE Code § 76-2403 (2020)
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76-2403. Adverse material fact, defined.
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.
Source
- Laws 1994, LB 883, § 3;
- Laws 2002, LB 863, § 2.
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