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Cooling-off Period
A designated timeframe after a sale during which a consumer can cancel a transaction without penalty, often applied to contracts entered at a distance or off-premises.
Consumer Sales Transactions
Deals or agreements involving the sale of goods or services from a business to an individual for personal, family, or household purposes.
Purchaser of Goods
An individual or entity that buys products for personal use, resale, or production purposes.
Promissory Note
A promise to pay the amount stated on the instrument.
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