New Hampshire Revised Statutes 358-J:4 – Disclosure of Refund; Savings Based on Comparisons
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I. Every contract shall provide that if any goods ordered by the member from the buying club are not delivered to the member or available for pickup by the member at a location within his county of residence within 6 weeks from the date the member placed an order for such goods, then any moneys paid by the member for such goods in advance of delivery shall, upon the member’s request, be fully refunded, unless a predetermined delivery date has been furnished to the member in writing at the time he or she ordered such goods and the goods are delivered to the member or are available for pickup by that date.
II. Every contract shall provide that all savings claims made by the buying club are based on price comparisons with retailers doing business in the trade area in which the claims are made and with prices at which the merchandise is actually sold.
III. Any contract which does not comply with paragraphs I and II shall be void and unenforceable.
II. Every contract shall provide that all savings claims made by the buying club are based on price comparisons with retailers doing business in the trade area in which the claims are made and with prices at which the merchandise is actually sold.
Terms Used In New Hampshire Revised Statutes 358-J:4
- Buying club: means any person, corporation, unincorporated association, or other organization which for a consideration provides or purports to provide its members or the members of any other buying club with the ability to purchase goods or services at discount prices; except that such organization shall not include any buying club in which persons receive discount buying services incidentally as part of a package or services provided to, or available to, such individuals on account of membership in such organization which is not organized for the profit of any person or corporation or which does not have as one of its primary purposes or businesses the provision of discount buying services. See New Hampshire Revised Statutes 358-J:1
- Club: means buying club. See New Hampshire Revised Statutes 358-J:1
- Contract: A legal written agreement that becomes binding when signed.
- Contract: means any oral or written agreement by which one becomes a member of a club. See New Hampshire Revised Statutes 358-J:1
- Member: or "membership" means a status by which any natural person is entitled to any of the benefits of a club. See New Hampshire Revised Statutes 358-J:1
III. Any contract which does not comply with paragraphs I and II shall be void and unenforceable.