The North Carolina Residential Property Disclosure Act allows a seller to check "No Representation" regarding matters addressed on the disclosure form. If the seller does so, which of the following statements is/are true?
I. The seller is violating the law if he knows about a major defect.
II. The listing agent is relieved of his/her responsibility to disclose a material defect about which the agent knows or should have known.
a) Statement I only is true.
b) Statement II only is true.
c) Both statements are true.
d) Neither statement is true.