Question

George just signed the purchase contract for a timeshare near Tahoe. He also received the public report today. How long does George have to rescind the purchase according to California law?

A) He cannot rescind the purchase.
B) Three business days
C) Seven calendar days
D) Thirty calendar days

Answer 1

Under California law, George has seven calendar days to rescind his timeshare purchase after receiving the public report.

Step-by-step explanation:

According to California law, George has seven calendar days to rescind the purchase of a timeshare after he receives the public report. This is a legal right provided to timeshare buyers to ensure they have a sufficient review period before finalizing such a significant financial commitment. Hence, the correct answer to the question is C) Seven calendar days.