Contracts & ExecutionQuestion 714 of 1605
When a homeowner properly exercises the three-day right to cancel a home improvement contract, the contractor must return any down payment within:
a.30 days
b.60 days
c.10 days
d.24 hours
Explanation
Under the home solicitation cancellation law, upon cancellation the seller must return any payments made by the buyer within 10 days of receiving the notice of cancellation.
Law Reference: Civil Code §1689.7Practice all 1605 questions free — no signup required.
Related questions on this topic
- A home improvement contract must include a schedule of progress payments that:
- Which mandatory notice informs the homeowner that they may cancel the transaction within a stated period and how to do so?
- How many copies of the 'Notice of Cancellation' form must the contractor provide to the buyer at the time a home solicitation home improvement contract is signed?
- A contractor and homeowner agree on a $9,000 bathroom remodel. The three-day right to cancel period generally begins:
- A contractor includes a clause in the home improvement contract stating the buyer waives their right to cancel. This clause is:
- A home improvement contract must be written in the same language principally used in the:
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)