Contracts
A buyer signs a contract to purchase a home but later discovers the seller misrepresented material facts. The buyer may elect to:
AVoid the contract and seek damages✓ Correct
BOnly seek damages but must complete the purchase
CRescind the contract only if the misrepresentation was in writing
DDo nothing because caveat emptor applies in NJ
Explanation
Fraudulent or material misrepresentation gives the injured party the right to rescind (void) the contract and seek damages for any losses incurred.
Related New Jersey Contracts Questions
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