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In consumer rights legislation and practice, a cooling-off period is a period of time following a purchase when the purchaser may choose to cancel a purchase, and return goods which have been supplied, for any reason, and obtain a full refund. [1]
The FTC has a “cooling off” rule that speaks to this sort of situation. It addresses certain sales made at your “home, workplace or dormitory, or at a seller’s temporary location, such as ...
Cooling-off period (consumer rights), a period of time during which the purchaser may cancel a purchase; Quiet period, the time which a company making an IPO must be silent about it, so as not to inflate the value of the stock artificially; Standstill period, the time to allow unsuccessful bidders to challenge the decision before a contract is ...
Legislation exists in various parts of the world giving consumers the right to return goods in as-supplied condition for a full refund, within a set period of time, known as a cooling-off period. Sometimes this legislation only applies to distance sales such as e-commerce.
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They have 60 days to work out their differences.
Consumer purchases are regulated by the Consumer Rights Act 2015, ... also have a statutory "cooling off" period of fourteen calendar days [5] ...
The main consumer protection laws in the UK are the Consumer Protection Act 1987 and the Consumer Rights Act 2015. The United Kingdom has left the European Union, but during the transition period (until end of 2020) the UK was still bound by directives of the European Union.