Sec. 6.
A retail installment contract shall not be signed by any party thereto when it contains blank spaces of items which are essential provisions of the transaction, but if delivery of the goods is not made at the time of the execution of the contract, the identifying numbers or marks of the goods or similar information and the due date of the first installment may be inserted by the seller in the seller's counterpart of the contract after it has been signed by the buyer. The buyer's acknowledgment, conforming to the requirement of subsection (b) of section 3, of delivery of a copy of the contract shall be presumptive proof, or, in the case of a holder of the contract without knowledge to the contrary when he purchases it, conclusive proof of such delivery and of compliance with this subsection and any other requirement relating to completion of the contract prior to execution thereof by the buyer, in any action or proceeding.
History: 1966, Act 224, Eff. Mar. 10, 1967
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 224 of 1966 - Retail Installment Sales Act (445.851 - 445.873)
Section 445.851 - Retail Installment Sales Act; Short Title.
Section 445.851a - Truth in Lending Act; Effect of Compliance.
Section 445.852 - Definitions.
Section 445.856 - Retail Installment Contracts; Blank Space; Filling.
Section 445.857 - Time Price Differential; Limitation; Computation; Minimum Time Price Differential.
Section 445.858 - Prepayment of Unpaid Balance; Amount of Refund Credit.
Section 445.862a - Submission of Invoice Evidencing Credit Card Sale.
Section 445.866 - Waiver of Act as to Buyers' Protection Prohibited.
Section 445.867 - Violation of Act; Misdemeanor.
Section 445.868 - Violation of Act; Effect as to Recovery Rights of Seller.
Section 445.869 - Violation of Act; Actions; Penalties.
Section 445.871 - Violation of Order of Circuit Court; Civil Penalty.