Contracts
Under the Tennessee Residential Property Condition Disclosure Act, a buyer who receives the disclosure after signing a contract has how long to rescind?
A24 hours
B3 days✓ Correct
C5 days
D7 days
Explanation
If a seller provides the property condition disclosure after the buyer signs the contract, Tennessee law gives the buyer 3 days to rescind the contract and receive a full refund of earnest money. After 3 days, the buyer's right to rescind expires.
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