Saturday, March 21, 2015

What is the oregon state right of recession term on a contract?

Question

What is the oregon state right of recession term on a contract?



Answer

Whatever the contract says. If it does not say there is a right to rescind, then there is no right. The rare exceptions are a 3-day right of rescission on home mortgages and home solicitation sales (usually door-to-door sales) of $25 and up.



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