Contracts
Under NJ's consumer protection framework, a real estate buyer who was defrauded may file an action under the NJ Consumer Fraud Act within:
AOne year of discovery
BSix years of the fraudulent act✓ Correct
CTwo years of the fraudulent act
D90 days of closing
Explanation
The NJ Consumer Fraud Act has a six-year statute of limitations, allowing defrauded buyers to bring claims for treble damages and attorney fees within six years of the fraudulent act.
Related New Jersey Contracts Questions
- In New Jersey, residential contracts of sale typically include an attorney review period of:
- In a New Jersey real estate transaction, who typically receives a copy of the fully executed purchase contract?
- An executed contract in real estate means:
- Novation in contract law means:
- An 'as-is' clause in a NJ real estate contract:
- A buyer signs a contract to purchase a home but later discovers the seller misrepresented material facts. The buyer may elect to:
- A lease agreement is a contract that creates a:
- In NJ, the doctrine of 'specific performance' in a real estate contract means:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →