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If you are asking does it have the same thing as a "cooling off period" as for an installment purchse? No.

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15y ago

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Related Questions

Does California have a 3 day right of recission Law?

Does the 3 day recission pertain to furniture?


Why notes payable instead of accounts payable?

Notes Payable is used to show that it's a note. A note is determined by the signing of a Promissory Note or some similar contract. For example, when you purchase a vehicle (unless you are purchasing said vehicle with cash) you sign a contract (Promissory Note) in which you pay X amount by a certain day each month.


How do you input a journal entry for the sale of equipment to include a 90 day promissary note?

Debit promissory noteCredit sale of asset


Does Ohio have a 3 day recission law on the purchase of a motorcycle?

yes it does


Does Ohio have a right of recission law?

Yes Ohio does have a 3 day right of recission law for certain transactions. The purchase of a motor vehicle does not fall under this law.


Does the state of Michigan have a 3 day recission on refinancing a home law?

Yes


Does Florida have a 3 day right of recission rule on auto loans?

right to recission when actual signing of documents don't take place at the business and product cost is over $25.00.


Does the 3-day right of recission apply in Illinois?

Yes. The State of Illinois abides by the 3 day right of recision.


Is there a 3 day righ of recission in Florida?

Not on vehicles. That law only applies to unsolicited purchases.


Which type of money did the Confederation Congress use?

The Confederation Congress used gold and silver as their money. Paper was used as a promissory note to one day pay in gold and silver.


What states have the 3 day return on used cars?

It's actually a 3 day federal right of recission, which means it is valid in every state.


Is there a 3 day recission right on purchases of a new vehicle in Florida?

In short, no. Florida does have a 3 day right of recission, however, it only applies to services purchased in excess of $25.00, and only when the seller has approached the buyer (typically a door to door sales person). Specifically, because buying a new vehicle occurs in a fair and commerical place (the dealership) and it is the buyer who approaches the seller in interest, any right of recission is waived.