Contracts
In North Dakota, a buyer's right to 'rescind' a real estate purchase contract for a time-share property exists for how many days after signing under federal law?
A3 business days
B5 business days
C7 calendar days✓ Correct
D10 calendar days
Explanation
Federal law (and many state laws) give time-share buyers a right of rescission for at least 7 calendar days after signing the purchase contract for a time-share. This right cannot be waived.
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