RaeAnn and Rick Telford purchased an existing home in a neighborhood of multi-million-dollar homes. After moving in, the Telford
s learned that the home had been owned formerly by a couple that was indicted for drug trafficking. The home had been raided by DEA agents, and there had been a shoot-out before the couple was taken into custody. The couple’s youngest child was killed in the house during the shoot-out. RaeAnn and Rick: a.have no recourse if there is nothing physically wrong with the house.
b.have a remedy of damages or rescission if this information was withheld from them.
c.have no remedy becasue neither sellers nor brokers are required to disclose psychological issues with properties
b. have a remedy of damages or rescission if this information was withheld from them
Explanation:
In business law, one of the main grounds of rescission are: misrepresentation (whether fraudulent, negligent or innocent), non-disclosure in relation to contracts of insurance, and
undue influence, duress and unconscionability.
In this case, RaeAnn and Rick have a remedy of damages or rescission if this information was withheld from them
