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P-40 - Consumer Protection Act
Section 17
Disposition versions
17. If the merchant’s principal obligation is performed more than seven days after the contract is entered into, the credit charge and the beginning of the period shall be reckoned only from the date of such performance.
In the case of a contract carried out over a period of time, the merchant shall be deemed to carry out his contract, for the purposes of this section, when he begins to discharge his obligation in accordance with the contract.
