Contracts
When a buyer discovers the seller misrepresented a material fact in a real estate contract, the buyer may:
AOnly proceed with the purchase
BRescind the contract and seek damages for misrepresentation✓ Correct
CRequire the seller to reduce the price by 10%
DFile a complaint with the county assessor
Explanation
If a seller makes a material misrepresentation, the defrauded buyer may rescind (cancel) the contract, recover any money paid, and potentially sue for damages. Misrepresentation makes a contract voidable by the injured party.
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