cooling-off rule

Definition of "cooling-off rule"
  1. A law allowing a person to cancel a contract within a set time, typically three days, after signing it, applicable across diverse sales, excluding those made at a seller's regular business establishment
How to use "cooling-off rule" in a sentence
  1. The cooling-off rule enabled her to cancel the online sale within the stipulated three-day period.
  2. My dad utilized the cooling-off rule to rescind the contract for the dance lessons he had impulsively signed up for.
  3. Upon reconsideration, I decided to use the cooling-off rule to cancel the timeshare purchase.

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