Final answer:
When a buyer purchases a parcel of unimproved land, the rights to rescind may exist if there was a misrepresentation, fraud, mistake, or duress in the purchase agreement.
Step-by-step explanation:
When a buyer purchases a parcel of unimproved land, the rights to rescind may vary depending on the jurisdiction and the terms of the purchase agreement. Generally, a buyer may have the right to rescind the purchase if there was a misrepresentation or fraud by the seller, or if the buyer can prove that there was a mistake or duress in entering into the agreement.
For example, if the seller misrepresented the property as having access to public utilities but it does not, the buyer may have the right to rescind the purchase. Similarly, if the buyer can show that they were forced into the agreement under duress, such as the threat of physical harm, they may also have the right to rescind.
However, it is important to consult with a legal professional or review the specific laws and terms of the purchase agreement in your jurisdiction to determine the exact rights to rescind in a given situation.