Able accepted an offer from Baker to purchase Blackacre. Before the contract was formally accepted, Baker made inquiries and was assured the property was connected to a sewer line. The contract was accepted, but escrow had not yet closed when Baker discovered that there was not a sewer connection, but that a new septic tank had been recently installed on the parcel. Baker could:
a. demand a percolation and soils test.
b. require, and automatically receive, a reduction in the price of the property.
c. require a partial release.
d. rescind the contract/back out of the contract before close of escrow.
Answer: d. rescind the contract/back out of the contract before close of escrow.
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