Does California Have a 72-Hour Right to Recision Law?
Rescission laws let you cancel a contract within the legal time frame of the law -- useful for impulse buys. California has a 72-hour right to rescission law, but this does not apply to all purchases.
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Identification
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California has rescission laws that anywhere from 72 hours to the end of time, according to the California Department of Consumer Affairs. Dental service contracts, electric utility provider contracts and home loans have a three-business-day cancellation period.
Considerations
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You can rescind any contract if the seller committed fraud to get you to sign it, according to the California DCA. Also, the courts can void any contract if it seems unreasonable.
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Tip
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California refers to the time frame of the right to rescission of a contract in business days, not hours. Weekends and holidays are not considered business days in California.
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