Contracts
In Nebraska, the seller's failure to deliver the Seller's Property Condition Disclosure Statement before the buyer signs the offer entitles the buyer to:
AAutomatically cancel the transaction
BA right to rescind the contract within a specified period after receiving the disclosure✓ Correct
CA 10% price reduction
DAn automatic 30-day extension of the inspection period
Explanation
Nebraska law provides that if the SPCDS is not provided before the buyer signs, the buyer has the right to rescind within the statutory period after receiving it — giving them the opportunity to review the disclosure and make an informed decision.
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