445.114 Tender of payments or goods to buyer; failure to tender goods; effect of noncompliance.
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445.114 Tender of payments or goods to buyer; failure to tender goods; effect of noncompliance.
Sec. 4.
(1)Except as provided in this section, within 10 days after a home solicitation sale has been canceled or an offer to purchase revoked the seller shall tender to the buyer any payments made by the buyer and any note or other evidence of indebtedness.
(2)If the down payment includes goods traded in, the goods shall be tendered in substantially as good condition as when received by the seller. If the seller fails to tender the goods as provided by this section, the buyer may elect to recover an amount equal to the trade-in allowance stated in the agreement.
(3)Until the seller has complied with the obligations imposed by this section the buyer may retain possession of goods delivered to him by the seller and has a lien on the goods in his possession or control for any recovery to which he is entitled.
History: 1971, Act 227, Imd. Eff. Jan. 3, 1972