Jeff moved to a new city and purchased a house.A few weeks after he moved into his new home, he learned that it had been the scene of a gruesome murder and that local legend considered it haunted.As these facts adversely affected the potential resale price of the house, he wishes to avoid his obligation under the contract based on fraudulent misrepresentation.What remedy would he be seeking if he wanted to set aside the contract for the sale of the house and recoup his purchase price?

Question

Quizplus · Accepted Answer

Jeff would be seeking rescission, which is the cancellation of the contract and the return of the purchase price due to fraudulent misrepresentation. This remedy would allow him to undo the transaction and avoid any negative impact on the resale price of the house.

Jeff Moved to a New City and Purchased a House