Maria is purchasing a newly constructed condominium unit in Seattle and also a single-family rental home in Tacoma from two different sellers. She receives the condominium's public offering statement on Monday and the Form 17 Seller Disclosure Statement for the single-family home on the same Monday. She later discovers undisclosed water damage in the single-family home. Which of the following correctly describes the rescission rights available to Maria under Washington law?

Question

ContractsForm_17_seller_disclosure_and_rescission_rightsHARD

Maria is purchasing a newly constructed condominium unit in Seattle and also a single-family rental home in Tacoma from two different sellers. She receives the condominium's public offering statement on Monday and the Form 17 Seller Disclosure Statement for the single-family home on the same Monday. She later discovers undisclosed water damage in the single-family home. Which of the following correctly describes the rescission rights available to Maria under Washington law?

Answer Options

A

Maria has seven days to rescind the condominium purchase and three business days to rescind the single-family home purchase, and these rights arise from different statutes.

B

Maria has three business days to rescind the condominium purchase and seven days to rescind the single-family home purchase, because condominiums carry a shorter review period.

C

Maria has three business days to rescind both contracts, because the Form 17 rescission period under RCW 64.06 applies to all residential property in Washington.

D

Maria has seven days to rescind both contracts, because Washington law applies a uniform seven-day rescission period to all residential property purchases.