Patricia receives the seller disclosure statement for a home she is purchasing in Columbia, Missouri. Upon reviewing it, she discovers that the seller disclosed a history of roof leaks that were not mentioned during the showing. Patricia wants to cancel the purchase contract. Under the Missouri Seller Disclosure Act, which of the following best describes her right to rescind?

Correct Answer

D) Patricia may rescind the contract if she delivers written notice to the seller before she signs a written acknowledgment of receipt or within a specific rescission period provided under the statute.

Under the Missouri Seller Disclosure Act (RSMo § 339.730 et seq.), after receiving the disclosure statement, the buyer has the right to rescind the contract by delivering written notice to the seller before the buyer signs a written acknowledgment of receipt of the disclosure or within the rescission period provided under the statute. The buyer's right to rescind is tied to the delivery and acknowledgment process established by Missouri law, not simply a fixed 24-hour or 72-hour window.