4th Circuit affirms $1.7M verdict under Land Sales Act

The purchasers of a lot in an upscale real estate development had three years to exercise their rescission rights under federal law imposing disclosure requirements in interstate land sales, the 4th Circuit U.S. Circuit Court of Appeals has held. The May 1 decision affirms a judgment for $1.7 million, the amount the plaintiff/appellees paid to purchase ...

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