Number: 97-430
Title: Federal Statutes Allowing Consumers "Cooling Off" Periods to Rescind Contracts
Authors: Henry Cohen, American Law Division 
Abstract: Contracts are generally governed by state law. Federal law, however, allows consumers a "cooling off" period during which they may rescind particular types of contracts, owe nothing, and not be subject to suit for breach of contract.
Pages: 3
Date: August 13, 1997