Sec. 42-137. Cancellation rights of buyer.
Sec. 42-137. Cancellation rights of buyer. (a) In addition to any right otherwise
to revoke an offer, the buyer may cancel a home solicitation sale until midnight of the
third business day after the day on which the buyer signs an agreement subject to the
provisions of this chapter.
(b) Cancellation shall occur when the buyer gives written notice of cancellation to
the seller at the address specified for notice of cancellation provided by the seller or
when such written notice bearing such address is deposited in a mail box.
(c) Notice of cancellation given by the buyer shall be effective if it indicates the
intention on the part of the buyer not to be bound by the home solicitation sale.
(1967, P.A. 749, S. 2; 1969, P.A. 178, S. 2; P.A. 76-165, S. 3, 8.)
History: 1969 act changed deadline for buyer's cancellation from midnight of first day after signing agreement to
midnight of third day and in exception re weekends changed deadline from midnight Monday to midnight Wednesday;
P.A. 76-165 based deadline on "business" day rather than "calendar" days and deleted exception re weekend sales rendered
obsolete by the change.
Cited. 158 C. 543.