In New South Wales,which of the Following Statements Is Not

question 24

Multiple Choice

In New South Wales,which of the following statements is not true in relation to the cooling- off period in the conveyancing process?

• A)Purchasers have 5 days to rescind from the date of the exchange.
• B)Purchasers have 7 days to rescind from the date of the exchange.
• C)There is no cooling- off period if the property is sold at auction.
• D)Purchasers may rescind during the cooling- off period but they must pay 0.25% of the purchase price.

---

Definitions:

Low-Income

Typically refers to individuals or families whose earnings are below a specified threshold, which varies by country and sometimes within regions of the same country.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Population Increase

An upward trend in the number of individuals residing in a specified area or country.

Real Per Capita

An economic measure that represents the inflation-adjusted income or wealth of an individual, considering the overall population, to determine living standards.