Do I Have Three Days to Cancel a Contract to Attend a Seminar?
Full Question:
I have signed a contract with a company called CEO SPACE for a10 day seminar . Payment was made by credit cards yesterday. I was told that I have 72 hours in which to cancel. Is that true and does the 72 hours include weekend hours?
06/19/2010 |
Category: Contracts ยป Recission |
State: New York |
#22428
Answer:
Under the Federal Trade Commission's Cooling Off Rule, a consumer has until midnight of the third business day after a contract was signed to cancel either of the following:
* door-to-door sales contracts for more than $25, or
* a contract for more than $25 made anywhere other than the seller's normal place of business-for instance, at a sales presentation at a hotel or restaurant, outdoor exhibit, computer show or trade show (other than public car auctions and craft fairs).
Please see the information at the following link:
http://www.ftc.gov/bcp/edu/pubs/consumer/products/pro03.shtm
