Adverse material fact, defined.

1. Law
2. Nebraska Revised Statutes
3. Real Property
4. Adverse material fact, defined.

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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