Contracts & ExecutionQuestion 714 of 1632

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 §1689.7

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