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An oral contract is legal and may be enforced by an action at law.
MYTH TWO - A store has to give me a refund if I request one. FACT: Georgia does not have any law that requires a business to provide a refund or accept returns. A business may set its own return policy and may offer consumers cash, in-store credit, exchanges or no adjustment at all.
Cooling-off Rule is a rule that allows you to cancel a contract within a few days (usually three days) after signing it. As explained by the Federal Trade Commission (FTC), the federal cooling-off rules gives the consumer three days to cancel certain sales for a full refund.
If the assignment is permitted by the seller, GAR F279 Assignment of Purchase and Sale Agreement Rights, can be used for an assignment from the original buyer, the assignor, to the new buyer, the assignee. The contract's terms and conditions will be binding upon the assignee.
Only certain very limited types of contracts can be canceled, within three business days after signing. When it is applicable under the law, this three-day cancellation or ?cooling-off? period is designed to give you time to think about your decision and to compare the prices and quality of competing products.
The contract or receipt should state in ten-point bold type that it can be canceled before midnight on the third business day after the transaction took place. This information should be located near the place where you sign your name on the contract, or on the front page of the receipt if no contract was used.
Be sure before you sign! Unlike some other purchases, there are few remedies for car-buyer's remorse (that is, changing your mind). Contrary to a popular rumor, there is no cooling-off period or statutory right to cancel a vehicle purchase contract, and in fact very few dealers will agree to allow you to cancel.
2022 Georgia Code. Title 13 - Contracts. Chapter 3 - Elements and Formation Generally. Article 1 - General Provisions.