Contracts & ExecutionQuestion 712 of 1605
Which mandatory notice informs the homeowner that they may cancel the transaction within a stated period and how to do so?
a.The Preliminary Notice
b.The Certificate of Occupancy
c.The Notice of Completion
d.The 'Notice of the Three-Day Right to Cancel'
Explanation
B&P §7159 requires the contract to include the notice of the buyer's three-day right to cancel, along with two copies of a cancellation form the buyer can use.
Law Reference: B&P §7159(c)Practice all 1605 questions free — no signup required.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)