Oklahoma § 60-835 - Limitation of seller's liability

§ 60-835. Limitation of seller's liability

A. The seller shall not be liable for a defect or other

condition in the property if the existence of the defect or other

condition in the property was disclosed in the disclosure statement

or any amendment delivered to the purchaser before acceptance of the

offer to purchase.

B. The seller shall not be liable for any erroneous, inaccurate

or omitted information supplied to the purchaser as a disclosure

required by this act if:

1. The error, inaccuracy or omission results from an

approximation of information by the seller, provided:

a.

accurate information was unknown to the seller at the

time the disclosure was made,

b.

the approximation was clearly identified as such and

was reasonable and based on the best information

available to the seller, and

c.

the approximation was not used to circumvent the

disclosure requirements of this act;

2. The error, inaccuracy or omission was not within the actual

knowledge of the seller; or

3. The disclosure was based on information provided by public

agencies and the seller reasonably believed the information to be

correct.

Oklahoma Statutes - Title 60. Property

C. The delivery by a public agency of any information required

to be disclosed by the seller of the property shall satisfy the

requirements of this act as to the disclosures to which the

information being furnished is applicable.

Added by Laws 1994, c. 198, § 5, eff. July 1, 1995.