Does 3-day rescission law apply only to individuals or also to businesses?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Does 3-day rescission law apply only to individuals or also to businesses?
If a contract for consulting services was signed and executed immediately but the business changed it’s mind within 24 hours of signing the contract, due to BBB research and bad vibes, can the 3 day rescission law apply?
Asked on July 3, 2009 under Business Law, Ohio
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
As far as I know, the 3-day rescission law only applies to consumer contracts, and then under limited circumstances. You'll need a valid reason to break the contract, and as much as some of us might miss the 1960's, "bad vibes" won't do the trick.
A contract is a promise that's legally enforceable. Don't make a promise you're not sure that you're ready to keep.
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
Based on my research there is no such right of rescission for a transaction of this type in Ohio. You can consult with an attorney that is licensed in the state for confirmation of this.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.