Part 3 — Cancellation of Direct Sales Contracts and Time Share Contracts
30 Effect of cancellation of contract
this Division operates
(a) to cancel the direct sales contract, or
(b) when the direct sales con tract is an offer to buy, to withdraw
the offer,
as if the direct sales contract never existed.
(2) A cancellation of a direct sales contract in accordance with this
Division also operates to cancel
(a) any related sale,
(b) any guarantee given in respect of money payable under the
direct sales contract, and
(c) any security given by the consumer or a guarantor in respe ct
of money payable under the direct sales contract,
as if it never existed.
(3) Where credit is extended or arranged by the supplier, the credit
contract is conditional on the direct sales contract whether or not
the credit contract is a part of or attached to the direct sales
contract, and if the direct sales contract is cancelled, that
cancellation has the effect of cancelling the credit contract as if the
direct sales contract had never existed.
1998 cF-1.05 s30