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How long does the dealer have to accept the "motor vehicle purchase contract"?

a. 24 hours
b. 72 hours
c. 7 days
d. There is no specific time limit.

User Ben Boyter
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1 Answer

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Final answer:

The time a dealer has to accept a motor vehicle purchase contract varies. It typically depends on the contract's terms and local laws, with no set universal standard. Where not specified, acceptance is expected within a 'reasonable amount of time,' often interpreted as within a few business days.

Step-by-step explanation:

The length of time a dealer has to accept a "motor vehicle purchase contract" is not universally standardized and can vary based on jurisdiction, the specific terms of the contract, and the dealer’s own policies. In general, a purchase contract will outline any deadlines for acceptance. If the contract does not specify a time frame or this is not addressed by local laws, then there is no legally binding time limit. However, it's common business practice for dealers to respond to an offer within a reasonable amount of time, which can be assumed to be within a few business days unless explicitly stated otherwise.

It is important for the purchaser to review the terms of the contract and any applicable consumer protection laws in their area to understand their rights and the dealer's obligations. If timing is a concern, the buyer should seek to include a specific time limit for acceptance in the purchase agreement, subject to negotiation with the dealer.

User Sbaechler
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