Escrow & Title
A Florida condominium purchaser has a statutory right to cancel the purchase contract within how many days of receiving the condominium documents?
A3 business days✓ Correct
B5 business days
C3 calendar days
D10 business days
Explanation
Under Florida's Condominium Act (Chapter 718 F.S.), a buyer of a resale condominium has 3 business days from the date of receipt of the declaration, bylaws, and other required documents to cancel the contract and receive a full refund of deposits.
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