Part 3 — Cancellation of Direct Sales Contracts and Time Share Contracts
24 Definitions
(a) "commencement date" mean s the date a supplier of a
prepaid or direct sales contract begins tangible or
identifiable service at the location specified in the contract;
(a.1) "direct sales contract" me ans a consumer transaction that is
a contract, other than a time share contract, in which
(i) the consideration for the goods or services exceeds an
amount specified in the regulations, and
(ii) the contract is negotiated or concluded in person at a
place other than the supplier's place of business or at a
place other than a market place, auction, trade fair,
agricultural fair or exhibition,
RSA 2000
and includes an offer to buy goods or services or to enter
into a contract mentioned in subclause (i) or (ii);
(b) "trade-in allowan ce" means the greater of
(i) the price or value of the co nsumer's goods as set out in a
trade-in arrangement, or
(ii) the market value of the consumer's goods when taken in
trade under a trade-in arrangement;
(c) "trade-in arrangement" means an agreement or arrangement,
contained in a direct sales contract or forming the whole or
part of a related agreement, under which the consumer sells
or agrees to sell the consumer's own goods to the supplier or
any other person and the goods are accepted as the whole or
part of the consideration under the direct sales contract.
RSA 2000 cF-2 s24;2005 c9 s11