RaeAnn and Rick Telford purchased an existing home in a neighborhood of multi-million-dollar homes. After moving in, the Telfords learned that the home had been owned formerly by a couple that was indicted for drug trafficking. The home had been raided by DEA agents, and there had been a shoot-out before the couple was taken into custody. The couple's youngest child was killed in the house during the shoot-out. RaeAnn and Rick:

a. have no recourse if there is nothing physically wrong with the house.

b. have a remedy of damages or rescission if this information was withheld from them.

c. have no remedy becasue neither sellers nor brokers are required to disclose psychological issues with properties

. d. none of the above

Question

Law

Pamela Ellis

8 November, 09:14

RaeAnn and Rick Telford purchased an existing home in a neighborhood of multi-million-dollar homes. After moving in, the Telfords learned that the home had been owned formerly by a couple that was indicted for drug trafficking. The home had been raided by DEA agents, and there had been a shoot-out before the couple was taken into custody. The couple's youngest child was killed in the house during the shoot-out. RaeAnn and Rick:

a. have no recourse if there is nothing physically wrong with the house.

b. have a remedy of damages or rescission if this information was withheld from them.

c. have no remedy becasue neither sellers nor brokers are required to disclose psychological issues with properties

. d. none of the above

+2

Answers (1)

Know the Answer?

Braedon Potts · Answer 1

b. have a remedy of damages or rescission if this information was withheld from them

Explanation:

In business law, one of the main grounds of rescission are: misrepresentation (whether fraudulent, negligent or innocent), non-disclosure in relation to contracts of insurance, and

undue influence, duress and unconscionability.

In this case, RaeAnn and Rick have a remedy of damages or rescission if this information was withheld from them