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Is there a standard cancellation period (3 business days for example) for most contracts?
I've heard that any contract has a cancellation period that you can exercise even if it's not explicitly stated. I'm not sure if this is certain state laws, federal laws or just untrue.
Public Comments
- this is true depending on the contract for example car sales does not apply the product or service can not lose value in those 3 days
- Some states (this was the subject of a recent Y! Question and I looked it up) have a 3-day period for certain consumer contracts. There is a 3-day cancellation period under European Union law for doorstep contracts in Europe. So: it all depends.
- 7 days
- The only thing I know for sure is that it is that way with home sales. Such as those jewelry parties, cookware parties, etc. Other business contracts such as home sales, etc. I do not know.
