contract cancelation within 48hrs is legal?

L

LiNK666

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I remember reading that if you wanted to cancel a contract after signing up for one you could do it within 48hrs or something... called the cooling period or something like that? Is that true?

I signed a contract less than 48hrs ago and found out just now that I will no longer be re-reimbursed for it by the 3rd party company that said we would be re-reimbursed.
 
Is that an energy contract?
 
I believe it depends on what the contract is for and what usage you have put on what you bought as well.
 
If I'm not mistaken the cooling off period is provided under the Consumer Protection Act, I believe it applies to any types of goods and services covered under that act.
 
I purchased highway signage for a business.

I sent an email to the account manager asking it be cancelled.
 
http://www.sse.gov.on.ca/mcs/en/Pages/Cancel_a_Contract.aspx

[h=1]Cancelling a Contract[/h]Under the Consumer Protection Act, 2002, you have the right to cancel an agreement and have your money returned to you if:

  • The contract is subject to a cooling off period. You have the absolute right to cancel (for any reason) within 10 days of receiving a written copy of the agreement.
  • The vendor has made a false, misleading or deceptive representation about the goods or services you agreed to buy or lease.
  • The information about the goods or services, or your rights as a consumer required by the Consumer Protection Act, are not provided to you in the agreement.
 
This law was created decades ago for sales under duress, such as door to door salesman. Does not have any relevance today.
 
this isn't a common law right. you need a statute based right. So unless there is some law expressly saying you can cancel, you don't have a right to do so.
 
They were kind enough to cancel. I was surprised they were so accommodating.

Thanks for the info everyone. I knew the consumer laws, but wasn't sure about business. Thanks everyone.
 
shewie said:
You haven't bought a car lately, I take it.
Click to expand...

Takling out of *** lately, I take it.

"Before you sign anything, take the time to read your contract or bill of sale and understand all the terms. Remember, this is a legal and binding contract and there is no such thing as a "cooling off" period under provincial law." - OMVIC
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