Michigan Laws > Chapter 445 > Act 276 of 1986 – Buyer’s Cancellation of Sales Contracts
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| § 445.931 | Cancellation of certain sales contracts by buyer |
Terms Used In Michigan Laws > Chapter 445 > Act 276 of 1986 - Buyer's Cancellation of Sales Contracts
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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.