US Legal Forms
Legal Resources
Questions & Answers
Consumer
What is the law regarding large purchases and being able to return property if dissatisfied?

What is the law regarding large purchases and being able to return property if dissatisfied?

Q: What is the statute 423.202 in Wisconsin?

Wisconsin Statute 423.202 outlines the consumer's right to cancel certain contracts, specifically those made in door-to-door sales or outside the seller's usual place of business. It provides consumers with a three-day period to rescind the contract without penalty, ensuring they have time to reconsider their decision.

Full question:

Is there a law in Wisconsin that states that if you buy a product such as a bed or any other product that if you are dissatified with it that you can sent it back within 30 days?

Category: Consumer
Date: 04/07/2025
State: Wisconsin

Answer:

Under the Federal Trade Commission's Cooling Off Rule, a consumer has until midnight of the third business day after a contract was signed to cancel either of the following:

* door-to-door sales contracts for more than $25, or

* a contract for more than $25 made anywhere other than the seller's normal place of business-for instance, at a sales presentation at a hotel or restaurant, outdoor exhibit, computer show or trade show (other than public car auctions and craft fairs).

A federal law called the Truth in Lending Act lets a consumer cancel a home improvement loan, second mortgage or other loan where the consumer pledged his or her home as security (except for a first mortgage) until midnight of the third business day after the contract was signed.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

What is the Wisconsin Product Liability Act?

The Wisconsin Product Liability Act outlines the legal framework for holding manufacturers and sellers responsible for injuries caused by defective products. It allows consumers to seek compensation if a product is found to be unreasonably dangerous or defective in design, manufacturing, or marketing. This law helps protect consumers by ensuring that products meet safety standards and that companies are accountable for their products' safety.

What is the right of rescission in Wisconsin?

The right of rescission in Wisconsin allows consumers to cancel certain types of contracts within a specific time frame, usually three business days. This applies to contracts made during door-to-door sales or outside the seller's usual place of business. It provides consumers with a chance to reconsider their purchase without penalty.

What are the requirements for the right of rescission?

To exercise the right of rescission, consumers must typically notify the seller in writing within the designated time frame, usually three business days. The contract must meet specific criteria, such as being made during door-to-door sales or outside the seller's usual place of business. It's important to check the specific terms of the contract for any additional requirements.

Is there a buyer's remorse law in Wisconsin?

Wisconsin does not have a specific buyer's remorse law that allows consumers to return any product simply because they are dissatisfied. However, certain contracts, particularly those made during door-to-door sales or outside the seller's regular business location, may allow for cancellation within three business days under the Federal Trade Commission's Cooling Off Rule.

What is the statute 423.202 in Wisconsin?

Can I cancel a contract after signing in Wisconsin?

In Wisconsin, the ability to cancel a contract after signing depends on the type of contract. For certain contracts made during door-to-door sales or outside the seller's regular business location, consumers typically have three business days to cancel. However, for most other contracts, cancellation is not guaranteed unless specified in the agreement.