Question

Kaimani made an offer on Theo's Maui property on June 12. Theo provided Kaimani with the property disclosure on that same day. Two days later, he amended the disclosure. How many days does Kaimani have to terminate the contract based on the amended disclosure?

a) 10 days from receipt of the amended disclosure.
b) 10 days from receipt of the original disclosure.
c) 15 days from receipt of the amended disclosure.
d) 15 days from receipt of the original disclosure.

Answer 1

Kaimani is likely to have 10 days from the receipt of the amended property disclosure to decide whether to terminate the contract, as amended disclosures typically provide a new timeframe to take action. Option a

Step-by-step explanation:

The situation described involves a legal question about the time allowed for a buyer to terminate a real estate contract based on an amended property disclosure. Real estate law often provides specific time frames in which action can be taken following certain events, such as the receipt of a property disclosure.

While the exact law can vary by jurisdiction, in many cases, the receipt of an amended disclosure allows the buyer additional time to reconsider the contract based on the new information provided.

Considering the options provided, it is most likely that the buyer, Kaimani, would be given an additional time frame starting from the day the amended disclosure was received.

Hence, the correct answer, generally speaking without specific jurisdiction in mind, would be: a) 10 days from receipt of the amended disclosure. Once Kaimani receives the amended disclosure, he would typically have this new period to decide whether to terminate the contract or proceed. option a