RaeAnn and Rick Telford Purchased an Existing Home in a Neighborhood

question 97

Multiple Choice

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 because neither sellers nor brokers are required to disclose psychological issues with properties.
• D)none of the above

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Definitions:

Credit Memorandum

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an earlier invoice.

Physical Abuse

Threatening, trying, or hurting a partner using physical force.

Emotional Abuse

Aggressive behavior that threatens, monitors, or controls a partner.

Marital Rape

A man forces his wife to have unwanted sexual intercourse (sometimes called spousal rape or wife rape).