Texas Business and Commerce Code 601.152 – Failure to Inform or Misrepresentation of Right to Cancel
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Terms Used In Texas Business and Commerce Code 601.152
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
A merchant may not:
(1) at the time the consumer signs the contract pertaining to a consumer transaction or purchases the goods, services, or real property, fail to inform the consumer orally of the right to cancel the transaction; or
(2) misrepresent in any manner the consumer’s right to cancel.