In most states, a consumer is legally obligated once he has signed a contract, unless he rescinds the binding credit obligation within two to three days if the sale was solicited in his house.

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Most states have laws that allow consumers to cancel contracts made with a salesperson who comes to their home, but they must do so within a specific time frame, typically within three days. This is known as a "cooling-off period" and is designed to protect consumers from high-pressure sales tactics.

In Most States, a Consumer Is Legally Obligated Once He