A buyer purchased a home without being informed the house was on a septic tank system. The buyer has the right to:
a. rescind the contract.
b. have the broker disbarred.
c. sue the escrow company for malfeasance.
d. report the seller to the Department of Real Estate (DRE) for failure to disclose.
Answer: a. rescind the contract.
Business
You might also like to view...
In which of the following conditions is a party's absolute duty to perform conditioned on the other party's absolute duty to perform?
A) condition precedent B) condition subsequent C) concurrent condition D) implied condition
Business
________ fail to motivate or inspire employees; moreover, they lead to stagnation and often failure over time
A) Inert cultures B) Organic cultures C) Adaptive cultures D) Formal cultures
Business