Originally Posted by ancora
Correct me if I'm wrong: "full disclosure" does not apply to boats.
Yes and no. There is no specific law as such. However, when asked, must answer honestly or run the risk of fraud. Generally a buyer is going to want to know the history of a boat and find it one way or another. Not many secrets around. Just asking for all maintenance records will tell them, if all are supplied.
Now, if a buyer finds out and it's not been previously disclosed, that buyer will definitely get more suspicious and likely run, wondering what else wasn't disclosed.
I love what real estate has done, at least in some places, with a form they require the seller to fill out and it has many pages covering every aspect of a house.
Full disclosure is also a moral element to many that they will do without any specific law.