How many business days does a buyer typically have to cancel a contract under the Door-to-Door Sales Act?

Study for the PSI NASCLA Contractors Licensing Exam. Work with flashcards and multiple choice questions, each question has hints and explanations. Prepare for your exam!

Under the Door-to-Door Sales Act, a buyer typically has a specified period to cancel a contract made in a door-to-door sales situation. In this case, the correct duration is 3 business days. This allows consumers to reconsider their purchase decisions after such unsolicited sales interactions. It is designed to protect buyers from high-pressure sales tactics and ensure they have adequate time to think about their commitment.

The act stipulates that buyers must be informed of their right to cancel and the procedures to do so, providing essential consumer protection. Understanding this timeframe is critical for both consumers and sellers in maintaining compliance with the law and fostering fair business practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy