A buyer in California receives the TDS from the seller of a home in Sacramento. The TDS was hand-delivered to the buyer on Wednesday. The buyer reviews it and wants to rescind. Under California Civil Code §1102.3, what is the last day the buyer can exercise the rescission right?
Correct Answer
A) Saturday of the same week
Under California Civil Code §1102.3, the buyer has 3 days to rescind after personal delivery of the TDS. Hand-delivered on Wednesday, the 3-day period ends on Saturday. The statute uses calendar days, not business days.
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Previous Question
Under California Civil Code §1102.6, which of the following categories of information is a seller required to address when completing the Transfer Disclosure Statement (TDS) for a residential property?
Next Question
Under California Civil Code §1102.3, a seller must amend the Transfer Disclosure Statement if the seller becomes aware of new information after the original TDS is delivered. Which of the following does NOT trigger an obligation to amend the TDS?