Contract, requirements, right to cancel
When someone signs a contract with a buying club, they must get a full copy of it right away. The contract must be written, signed, and show the date. It must also include a cancellation notice in large, bold print near the signature line. If the buying club does not follow these rules, the member can cancel the contract at any time — in any way they choose — and get all their money back.
407.673. Contract, requirements, right to cancel. — 1. A fully completed copy of every contract shall be delivered to the member at the time the contract is signed. Every contract shall constitute the entire agreement between and member, shall be in writing, shall be signed by the member, shall the date on which the member signed the contract and shall state, clearly and , in boldface type of minimum size of 14-, in immediate proximity to the space reserved for the signature of the buyer, the following:
2. Until the has complied with this section, the member may cancel the contract by notifying the buying club, in any manner and by any means, of his intention to cancel and is then entitled to a refund of the entire paid for the contract.
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Source & history notes
(L. 1988 H.B. 988)
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.