Bill's chances would depend on the contract between him and the seller. If the contract has a clause that the seller must disclose any material facts about the property, then Bill would likely win the lawsuit. If the contract does not have such a clause, then Bill's chances would be more uncertain.
What is contract?
A contract is an enforceable legal agreement that outlines and governs the parties' rights and obligations. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts. The core principle of contract law, a division of the law of obligations that deals with contracts, is that agreements must be upheld.
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