Malaysia legislation

Section 25

of DIRECT SALES AND ANTI-PYRAMID SCHEME ACT 1993

Section 25

(2)

Where a purchaser, who has entered into a contract in respect of a direct sale, has served on the vendor a notice in writing requiring the vendor to deliver the goods or to perform the services at any time before the expiry of the cooling-off period, he shall be deemed to have waived his right to rescind the contract under section 26.

(3)

Notwithstanding subsection (2), no notice under that subsection shall be served on the vendor before the expiry of seventy-two hours from the time the contract was concluded.

(4)

No vendor or other person shall accept any money or other consideration from a purchaser under a contract made under this

Act before the expiry of the cooling-off period.

24

Act 500

(5)

Any vendor or other person who contravenes this section shall be guilty of an offence.

Rescission of contract

Section 25 — AKTA JUALAN LANGSUNG DAN SKIM ANTI-PIRAMID 1993