Final answer:
The Right of Rescission under the Planned Real Estate Development Act grants buyers 15 business days to cancel their purchase agreement without penalty.
Step-by-step explanation:
The Right of Rescission under the Planned Real Estate Development Act allows buyers of certain types of real estate, specifically within a planned community, to cancel their purchase agreement without penalty within a set amount of time after signing the contract. For the specific duration stated by the act, the correct answer is:
b) 15 business days. This period is designed to provide buyers with enough time to reconsider their purchase and ensure it meets their expectations and financial capabilities.