Seller Janet delivers a disclosure statement to Buyer Amanda. Amanda reads it over and decides everything looks good enough to continue with the purchase. A few weeks later, a major hail storm damages the roof and now it leaks. So the original disclosure is no longer accurate. Which statement is false?

Question

Business

Krista

5 May, 22:21

Seller Janet delivers a disclosure statement to Buyer Amanda. Amanda reads it over and decides everything looks good enough to continue with the purchase. A few weeks later, a major hail storm damages the roof and now it leaks. So the original disclosure is no longer accurate. Which statement is false?

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Answers (1)

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Ellice · Answer 1

Seller Janet delivers a disclosure statement to Buyer Amanda. Amanda reads it over and decides everything looks good enough to continue with the purchase. A few weeks later, a major hail storm damages the roof and now it leaks. The original disclosure is no longer accurate and the statement which is false:

Amanda can require Janet to replace the roof.

Explanation:

Amanda can not require Janet to replace the roof as it was not mentioned in the disclosure statement. The things she can ask the Janet to do are: Janet should amend the disclosure statement and deliver it to Amanda. Janet can correct the damage to the roof and tell Amanda nothing. Amanda can rescind the purchase agreement within three business days after she receives an amended disclosure.