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A period after a certain type of high pressure sale, telemarking sale or transaction where a purchaser may cancel the transaction. … [Read more...] about COOLING OFF PERIOD

Time to recover "cool blood" after severe excitement or provocation; time for the mind to become so calm and sedate as that it is supposed to contemplate, comprehend, and coolly act with reference to the consequences likely to ensue. Eanes v. State, 10 Tex. App. 447; May v. People, 8 Colo. 210, 6 Pac. 816; Keiser v. Smith, 71 Ala. 481, 46 Am. Rep. 342; Jones v. State, 33 Tex. … [Read more...] about COOLING TIME

A special rule created by federal government to deal with door to door or pressure sales. It allows the purchaser to cancel a contract within a short time period after signing the agreement, usually three days. (Hence the 72 hour rule which this law is also known.) The rule does not apply to sales in general areas such as a store or at a trade show. The three day rule also … [Read more...] about COOLING-OFF RULE

A person or party who is conveying or transferring property to another person or party. … [Read more...] about CONVEYOR

In economics. The combined action of numbers. It is of two distinct kinds: (1) Such cooperation as takes place when several persons help each other in the same employment; (2) such cooperation as takes place when several persons help each other in different employments. These may be termed "simple cooperation" and "complex cooperation." Mill, Pol. Ec. 142. In patent law. Unity … [Read more...] about COOPERATION