Contracts
In NJ, a 'right of rescission' available to a buyer during the attorney review period is different from a standard contract cancellation because:
AIt costs money to exercise
BIt can be exercised for any reason or no reason by either party through their attorney, without forfeiting the deposit✓ Correct
COnly the buyer may exercise it
DIt extends the closing date
Explanation
NJ's attorney review period allows either party's attorney to disapprove the contract for any reason or no reason during the 3-business-day period, without the party losing their deposit or suffering any penalty.
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