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Home » US Law » 2022 Michigan Compiled Laws » Chapter 445 - Trade and Commerce » Act 119 of 1964 - Refund of Down Payment on Vendor's Rescission of Sale (445.141 - 445.142)

Section 445.141 – Vendor’s Rescission of Sale of Goods; Refund; Goods, Possession.

445.141 Vendor’s rescission of sale of goods; refund; goods, possession. Sec. 1. When any person, partnership, association or corporation sells goods, wares and merchandise to any person on credit and receives partial payment of the purchase price thereof, and rescinds the sale after investigation of the credit standing of the purchaser, the vendor shall refund […]