If a consumer signs a home solicitation contract and wishes to cancel, the deadline ends at midnight of the third business day after the transaction. True or False?

If a consumer signs a home solicitation contract and wishes to cancel, the deadline ends at midnight of the third business day after the transaction. True or False?

• A. True
• B. False
• C. Only for certain products
• D. Not specified

Answer: (A)

This is about the cooling-off period for in-home sales. When a contract is signed during a home solicitation, California law gives you a three-business-day window to cancel without penalty. The deadline is the end of the third business day after the sale, meaning it ends at midnight on that day. A business day excludes weekends and holidays, so counting starts the day after the contract is signed. For example, sign on Monday and the three business days are Tuesday, Wednesday, and Thursday, with cancellation due by Thursday midnight. If the sale happens on Friday, the window runs Monday through Wednesday, with cancellation by Wednesday midnight. The cancellation must be in writing to the seller by that deadline.

This is about the cooling-off period for in-home sales. When a contract is signed during a home solicitation, California law gives you a three-business-day window to cancel without penalty. The deadline is the end of the third business day after the sale, meaning it ends at midnight on that day. A business day excludes weekends and holidays, so counting starts the day after the contract is signed. For example, sign on Monday and the three business days are Tuesday, Wednesday, and Thursday, with cancellation due by Thursday midnight. If the sale happens on Friday, the window runs Monday through Wednesday, with cancellation by Wednesday midnight. The cancellation must be in writing to the seller by that deadline.