Michigan § 445.141 Vendor's rescission of sale of goods; refund; goods, possession.

Michigan Statutes

§ 445.141 — Vendor's rescission of sale of goods; refund; goods, possession.

Michigan § 445.141

Ch. 445TRADE AND COMMERCE

Act 119 of 1964REFUND OF DOWN PAYMENT ON VENDOR'S RESCISSION OF SALE (445.141-445.142)

This text of Michigan § 445.141 (Vendor's rescission of sale of goods; refund; goods, possession.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.141 (2026).

Text

REFUND OF DOWN PAYMENT ON VENDOR'S RESCISSION OF SALE (EXCERPT) Act 119 of 1964 445.141 Vendor's rescission of sale of goods; refund; goods, possession. Sec.

1.When any person, partnership, association or corporation sells goods, wares and merchandise to any person on credit and receives partial payment of the purchase price thereof, and rescinds the sale after investigation of the credit standing of the purchaser, the vendor shall refund in full to the purchaser the entire portion of the purchase price paid. The refund shall be in money or in the goods received as partial payment of the goods purchased on credit. The vendor shall not make refund in any other manner. The provisions of this act shall apply when the vendor has possession of the goods while the credit investigation is being

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REFUND OF DOWN PAYMENT ON VENDOR'S RESCISSION OF SALE (EXCERPT) Act 119 of 1964 445.141 Vendor's rescission of sale of goods; refund; goods, possession. Sec. 1. When any person, partnership, association or corporation sells goods, wares and merchandise to any person on credit and receives partial payment of the purchase price thereof, and rescinds the sale after investigation of the credit standing of the purchaser, the vendor shall refund in full to the purchaser the entire portion of the purchase price paid. The refund shall be in money or in the goods received as partial payment of the goods purchased on credit. The vendor shall not make refund in any other manner. The provisions of this act shall apply when the vendor has possession of the goods while the credit investigation is being made.