The Eleventh Circuit reversed the federal district court's ruling, preventing plaintiffs from rescinding their contracts with homebuilders who rightfully believed they had met all requisite disclosure requirements for their types of developments. (news.lawreader.com)
Should the Seller simply not provide a Disclosure, the Buyer has 30 days from the execution date of the contract, or until escrow closes, whichever comes first, to rescind the contract without penalty. (ourvalleyhomes.net)
Failure on the part of the franchisor to comply with disclosure obligations provides the franchisee with an extraordinary remedy — it allows a franchisee to rescind the contract within two years and to obtain the return of its investment in franchise fees, inventory and equipment costs. (slaw.ca)