Contracts
A seller accepts a buyer's offer in Louisiana. Before the act of sale, the buyer learns of a material defect not previously disclosed. The buyer may:
AProceed with the sale and sue after closing only
BSeek to rescind the contract based on the undisclosed defect✓ Correct
CDemand a price reduction automatically without renegotiation
DTransfer the contract to another buyer
Explanation
If a material defect is discovered that was not previously disclosed, the buyer may have grounds to seek rescission of the contract based on error, fraud, or violation of the disclosure laws.
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