If a salesperson signs an alarm contract with a homeowner during a visit, how many days does the homeowner have to cancel?

• A. 1 day
• B. 3 days
• C. 5 days
• D. 10 days

Answer: (B)

The concept being tested is the cooling-off period for home solicitation sales. When a salesperson signs and presents an alarm contract at the homeowner’s residence, the homeowner has a three-day window to cancel the contract. This three-day period starts on the date the contract is signed, and cancellation must be made in writing (often using a form included with the contract) and delivered or mailed to the seller within those three days. The purpose is to protect homeowners from high-pressure or impulse purchases made in person at home. This rule applies to home solicitation scenarios like alarm contracts and is separate from purchases made online or at a seller’s business location, which may have different rules.