Difference between revisions of "Direct Sales, Future Performance, and Time Share Contracts (11:V)"

Direct Sales, Future Performance, and Time Share Contracts (11:V) (view source)

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 === 1. Right of Cancellation ===
-Because they are often sold at high-pressure presentations, under s 24 these contracts are subject to a 10 day right of cancellation from the date the consumer receives a copy of the contract (s 25(6)). Section 26(3), which also gives a 10 day right of cancellation, applies to time-share interests not covered by the ''Real Estate Development Marketing Act'', SBC 2004, c 41, such as resorts or condominiums.
+Because they are often sold at high-pressure presentations, these contracts are subject to a 10 day right of cancellation from the date the consumer receives a copy of the contract (s 25(6)). Section 26(3), which also gives a 10 day right of cancellation, applies to time-share interests not covered by the ''Real Estate Development Marketing Act'', SBC 2004, c 41, such as resorts or condominiums.
 Contracts for continuing services can also be cancelled if there is a material change in circumstances of the buyer or the seller, and where the buyer or seller gives notice of cancellation (s 25). When alleging a material change in circumstances as the basis for cancelling, the reason must be specified in the notice (s 25(2)).