ยง 405. Delivery of copy of contract or obligation; buyer's
acknowledgment. The seller shall deliver to the buyer, or mail to him
at his address shown on the contract or obligation, an executed copy
thereof. Until the seller does so, a buyer who has not received the
goods or services shall have an unconditional right to cancel the
contract or obligation and to receive immediate refund of all payments
made and redelivery of all goods traded-in to the seller on account of
or in contemplation of the contract or obligation. Any acknowledgment by
the buyer of delivery of a copy of the contract or obligation shall be
printed or written in a size equal to at least ten point bold type and,
if contained in the contract or obligation, shall also appear directly
above the space reserved for the buyer's signature. The buyer's written
acknowledgment, conforming to the requirements of this section, of
delivery of a copy of a contract or obligation shall be presumptive
evidence of such delivery and of compliance with this section and
subdivision four of section four hundred two in any action or proceeding
by or against an assignee of the contract or obligation without
knowledge to the contrary when he purchases the contract or obligation.
Structure New York Laws
Article 10 - Retail Instalment Sales Act
402 - Provisions of Retail Instalment Contracts and Obligations.
402A - Merchandise Certificates and Obligations Therefor.
402B - Total Loss Notice and Waiver of the Gap Amount.
403 - Restrictions on Retail Instalment Contracts and Obligations.
404 - Credit Service Charge Limitation.
405 - Delivery of Copy of Contract or Obligation; Buyer's Acknowledgment.
406 - Notice of Assignment; Payments.
407 - Statements of Account; Receipts.
408 - Credit Upon Anticipation of Payments.
410 - Add-Ons to and Consolidations of Retail Instalment Contracts and Obligations.
411 - Terms of Purchase by Financing Agency.
412-A - Cancellation of Contracts for Future Consumer Services.
413 - Retail Instalment Credit Agreements.
419 - Refund Credit on Cancellation of Credit Related Insurance or Prepayment of Contract.
420 - Guaranties to Sellers of Liabilities of Buyers Under Retail Instalment Contracts.