Texas Finance Code 345.066 – Buyer’s Right to Rescind Contract
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Terms Used In Texas Finance Code 345.066
- Contract: A legal written agreement that becomes binding when signed.
Until a retail seller complies with § 345.065, a retail buyer who has not received delivery of the goods or services is entitled to:
(1) rescind the contract;
(2) receive a refund of all payments made under or in contemplation of the contract; and
(3) receive the return of all goods traded in to the seller under or in contemplation of the contract or, if those goods cannot be returned, receive the trade-in allowance of those goods.