Terms Used In Rhode Island General Laws > Chapter 5-78 - Dating Services

• Buyer: means any person entering into a social referral services contract with a seller. See Rhode Island General Laws 5-78-1
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• 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.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means a natural person, partnership, corporation, association, or any other legal entity. See Rhode Island General Laws 5-78-1
• Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). ^{Source: OCC}
• Seller: means any person offering social referral services. See Rhode Island General Laws 5-78-1
• Social referral services: means dating, matrimonial, or personal referral services by any of the following means:

  (1)  An exchange of names, telephone numbers, addresses, and statistics;

  (2)  A photograph or video selection process;

  (3)  Personal introductions provided by the seller at the seller's place of business; or

  (4)  A social environment provided by the seller intended primarily as an alternative to singles' bars or club-type environments. See Rhode Island General Laws 5-78-1

• United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8