Diane is purchasing a home in Princeton, New Jersey. The seller provides the Property Condition Disclosure Statement at the time of contract signing. Three days later, Diane decides she is uncomfortable with the disclosed radon levels and wants to cancel the contract. Which of the following correctly states Diane's legal position under the New Jersey Residential Property Condition Disclosure Act?

Correct Answer

B) Diane has no statutory rescission right under the Act because the disclosure was provided at the time of signing, satisfying the statutory requirement.

Under N.J.S.A. 46:3C-1 et seq., the five-day rescission right is only triggered when the seller fails to provide the Property Condition Disclosure Statement before or at the time the buyer signs the purchase contract. Because the seller in this case provided the statement at the time of signing — which satisfies the statutory requirement — Diane does not have a statutory rescission right under the Act. Her dissatisfaction with the disclosed radon levels does not independently create a rescission right; she would need to rely on other contract provisions or negotiate with the seller.