Michigan Laws > Chapter 445 > Act 276 of 1986 – Buyer’s Cancellation of Sales Contracts
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§ 445.931 | Cancellation of certain sales contracts by buyer |
Terms Used In Michigan Laws > Chapter 445 > Act 276 of 1986 - Buyer's Cancellation of Sales Contracts
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- judgment: as used in this act , includes decree. See Michigan Laws 600.112
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o