Legal Question in Consumer Law in Florida

3 day cooling off period

I signed a contract for a travel trailer and have not picked it up yet. It was dependent on financing.

The financing came in but I am not wanting it anymore. Am I still legally bound to take delivery? The financing came in at my price. It is still within 3 days. I put $2000 as a down payment


Asked on 9/25/07, 6:08 pm

2 Answers from Attorneys

Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: 3 day cooling off period

Unless there is a 3 day period in the contract (and there probably is not)you are obligated to go through with the contract once the financing contingency is met.

Read more
Answered on 9/25/07, 8:57 pm
Scott R. Jay Law Offices of Scott R. Jay

Re: 3 day cooling off period

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

There is no such thing in Florida for a 3 day cooling off period except for door to door sales. If the contingency for financing was met, you are obligated under the Contract. If you fail to close, you may lose your deposit in addition to whatever other penalties the agreement provides.

Scott R. Jay, Esq.

Read more
Answered on 9/25/07, 11:13 pm


Related Questions & Answers

More Consumer Law questions and answers in Florida