Arkansas Cancelation of Erroneous Deed
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How to fill out Cancelation Of Erroneous Deed?
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FAQ
Termination Clause, Expiration Date, and Closing Date However, a buyer can only back out of the purchase contract before the official closing date. In a real estate purchase transaction, the buyer prepares an offer, signs it, and delivers it to the seller. The buyer also states the date that the offer will expire.
(a) In addition to any other right to revoke an offer, the buyer has the absolute right to cancel a home solicitation contract or offer until midnight of the third calendar day, excluding Sundays and holidays as declared in § 1-5-101, after the day on which the buyer signs an agreement.
Deceptive trade practices in the state are dealt under Title IV, Chapter 88 of the Arkansas Code. Under Section 4-88-107 of the Code, it is unlawful and forbidden to advertise goods or services with no intention to sell them as advertised.
What is a Home Solicitation Contract? A home solicitation contract is an agreement for the sale or lease of goods or services that is made in a location other than the seller's place of business. Home solicitation laws cover a wide range of goods and services.
The Arkansas Home Solicitation Sales Act provides consumers with three days to cancel a sale made in the home or a location that is not the seller's permanent place of business.
