Rhode Island General Laws 6-28-6. Statement required on note
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Any note or other evidence of indebtedness given by a buyer in connection with a door-to-door sale shall be dated not earlier than the date of the agreement or offer to purchase. The seller shall cause the words “Nonnegotiable consumer note” to be placed prominently on the note and an assignee or holder of a note or other evidence of indebtedness with the words “Nonnegotiable consumer note” appearing prominently on the note shall take the note subject to the claims and defenses permitted under § 6A-3-306, irrespective of whether or not an assignee or holder qualifies as a “holder in due course” as defined in § 6A-3-302.
History of Section.
P.L. 1995, ch. 52, § 1; P.L. 2014, ch. 528, § 19.
Terms Used In Rhode Island General Laws 6-28-6
- Agreement: means a written contractual agreement between the merchant and the third-party delivery service. See Rhode Island General Laws 6-58-1
- Door-to-Door Sale: means a sale, lease, or rental of consumer goods or services with a purchase price of twenty-five dollars ($25. See Rhode Island General Laws 6-28-2
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Seller: means any person, partnership, corporation, or association engaged in the door-to-door sale of consumer goods or services. See Rhode Island General Laws 6-28-2