(1) A buyer may avoid
a contract for the sale and purchase of a lot at any time before the
settlement date for the contract —
(a) if
the seller has not complied with section 156; and
(b) if
the seller were now to comply with that section, the buyer would receive
information or a document that would disclose material prejudice to the buyer
(proof of which lies on the buyer).
(2) However, if the
seller gives the buyer a notice substantially complying with section 156
before the buyer avoids the contract under this section, the buyer may avoid
the contract under this section only if the buyer does so within 15 working
days after the seller’s notice is given to the buyer.
[Section 159 inserted: No. 30 of 2018 s. 83.]