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Under the Interstate Land Sales Full Disclosure Act, a purchaser of subdivided lands who receives the...

Under the Interstate Land Sales Full Disclosure Act, a purchaser of subdivided lands who receives the property report before signing a contract for purchase has the right to cancel the contract A) within 7 days. B) within 3 days. C) up until 24 hours before the scheduled closing. D) within 15 days.

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Answer #1

A) within 7 days

Under the act the purchaser may cancel the agreement within seven days if the contract is received prior to the signing.

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