A buyer discovers significant structural issues during the cooling-off period after signing a contract. They want to withdraw. What is the most appropriate course of action under NSW law?
Correct Answer
C) Seek legal advice about potential misrepresentation claims
While cooling-off rights exist, if there are significant undisclosed structural issues, this may constitute misrepresentation or breach of vendor disclosure obligations. Legal advice should be sought as this could provide grounds for withdrawal without penalty or other remedies.
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A buyer discovers a material defect in a property after settlement. Under which circumstances would they most likely have a successful claim against the vendor?
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