Question

Five days after signing a contract to purchase a new timeshare in North Carolina, the buyer cancels the timeshare contract. According to North Carolina laws, what is the time period for the developer to refund the buyer’s money?

Answer 1

Under north Carolina's laws, the developer must refund the buyer's money within a 30 day period since the purchase date. North Carolina law also sets a deadline of 5 calendar days to cancel a timeshare contract, so this buyer barely made it on time. A buyer cannot waive his right to cancellation, even if the option is not included in the contract.