If you are asking does it have the same thing as a "cooling off period" as for an installment purchse? No.
Does the 3 day recission pertain to furniture?
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.
Debit promissory noteCredit sale of asset
yes it does
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.
Yes
right to recission when actual signing of documents don't take place at the business and product cost is over $25.00.
Yes. The State of Illinois abides by the 3 day right of recision.
Not on vehicles. That law only applies to unsolicited purchases.
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.
It's actually a 3 day federal right of recission, which means it is valid in every state.
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.