P-40.1 - Consumer Protection Act

Full text
150.30. Except in the cases and on the conditions prescribed by regulation, the merchant cannot, while the residual value of the goods is guaranteed by the consumer, alienate the goods to a prospective acquirer who offers a price for them lower than such residual value without first offering the goods to the consumer by sending him a notice in writing drawn up in accordance with the form appearing in Schedule 7.4.
The consumer, within five days following receipt of the notice, may acquire the goods by paying in cash a price equal to that offered by the prospective acquirer.
The consumer may, instead of acquiring the goods, within the same time, present a third person who agrees to pay in cash for the goods a price equal to that offered by the prospective acquirer.
1991, c. 24, s. 3; 1999, c. 40, s. 234.
150.30. Except in the cases and on the conditions prescribed by regulation, the merchant cannot, while the residual value of the goods is guaranteed by the consumer, alienate the goods to a prospective acquirer who offers a price for them lower than such residual value without first offering the goods to the consumer by sending him a notice in writing drawn up in accordance with the form appearing in Schedule 7.4.
The consumer, within five days following receipt of the notice, may acquire the goods by paying in cash a price equal to that offered by the prospective acquirer.
The consumer may, instead of acquiring the goods, within the same delay, present a third person who agrees to pay in cash for the goods a price equal to that offered by the prospective acquirer.
1991, c. 24, s. 3.