Environmental
A Connecticut buyer discovers that the property has lead paint in one room's window sill. Under federal law (Title X), the buyer has the right to:
AAutomatically cancel the contract without any contingency
BConduct a lead-based paint inspection or risk assessment within a 10-day period before becoming obligated under the contract✓ Correct
CRequire the seller to remediate all lead paint before closing
DReceive a $1,000 credit for any lead paint discovered
Explanation
Title X gives buyers of pre-1978 homes a 10-day window to conduct a lead-based paint inspection or risk assessment. The parties may negotiate a different period. Based on the results, the buyer may negotiate with the seller about remediation or price, or terminate the contract.
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