Laws & RegulationsQuestion 26 of 100
A remedy available to a defrauded purchaser under the civil liability provisions of the Act typically allows recovery of:
a.Triple the purchase price automatically
b.Only future lost profits
c.Punitive damages in all cases
d.The consideration paid plus interest, costs, and attorney fees, less any income received
Explanation
The civil liability provision generally allows a purchaser to recover the amount paid plus interest at a specified rate, court costs, and reasonable attorney fees, reduced by any income already received. Automatic treble or punitive damages are not the standard remedy. The measure is designed to make the buyer whole.
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