Contracts
If an Indiana seller fraudulently misrepresents a material fact that induces the buyer to purchase, the buyer's remedy may include:
AOnly a price reduction
BRescission with a refund of the purchase price, or damages for the loss suffered due to the misrepresentation✓ Correct
COnly filing a complaint with the IREC
DOnly suing the listing broker
Explanation
A buyer who was induced by fraudulent misrepresentation may elect to rescind the contract (unwind the sale and recover the purchase price) or affirm the contract and sue for the damages caused by the misrepresentation.
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