22Method of rescinding contract or option

#### 22 Method of rescinding contract or option 22 Method of rescinding contract or option > > (1) For the Act, sections 52A(6) and 66ZA(2), a purchaser may rescind a contract or option under section 21 by written notice served on the vendor— > > > > > (a) for a contract— > > > > > > > (i) if the purchaser’s right to rescind arises from the vendor’s failure to attach the prescribed documents or a disclosure statement—within 14 days after the contract is made, unless the contract has been completed, or > > > > > > > (ii) if the purchaser’s right to rescind arises from the vendor’s breach of warranty prescribed under the Act, section 52A(2)(b)—before the contract is completed, or > > > > > (b) for an option—before the earlier of the following— > > > > > > > (i) the option is exercised, or > > > > > > > (ii) the option ceases to be exercisable. > > > (2) Service of the written notice may be effected in accordance with— > > > > > (a) the Act, section 170, or > > > > > (b) the service provisions in the contract or option.