Pursuant to subsection 23(4), a future service contract is not enforceable for the seller if a discount or rebate is granted on the condition that an event occurs after the buyer consents to the purchase (usually a referral sale program in which the buyer assists the seller in another sale). (5) A consumer may terminate a contract of future performance by sending the supplier a revocation no later than one year after the day on which the consumer receives a copy of the contract, if the contract does not contain the information required under paragraphs 2 and 19 [required content of the contract]. Sections 56.1 to 56.5 govern the terms and conditions of prepaid acquisition cards. A prepaid acquisition card is a card, written certificate or other voucher of monetary value issued or sold in exchange for the future delivery of goods or services to a person. This includes gift cards or gift certificates. Section 56.2 prevents the issuance of cards with an expiry date. Prepaid Purchase Card Ordinance, BC Reg 292/2008 contains exceptions to the prohibition of expiry dates. These include cards issued for a particular good or service, cards issued for charitable purposes, and cards issued to a person who, in return, does not provide anything of value. (a) the credit agreement within the meaning of Article 57 [Definitions] depends on the direct sales agreement, whether or not the credit agreement forms part of the direct purchase agreement, and in Article 17 `distance selling` means `a contract for the supply of goods or services between a supplier and a consumer which is not concluded in person and for goods; where the consumer does not have the opportunity to inspect the goods which are the subject of the contract before the conclusion of the contract`.

This definition includes all forms of trade in which the parties are not face-to-face, such as. B, catalog sales, Internet sales or telephone sales. Article 48 stipulates that a supplier must provide the consumer with a copy of the contract within 15 days of the conclusion of the contract and also contains a list of requirements for distance contracts. Article 46 specifies what information must be disclosed to the consumer before the conclusion of the distance contract. For example, the supplier must disclose a detailed description of the goods, currency, delivery agreements and cancellation policy, if applicable. This list is not exhaustive; Please respect the law. According to § 347.1, credit agreements are defined and excluded from § 347, provided that the following three conditions are met: (2) By way of derogation from § 23 (3) [future service contract], a supplier, if applicable, must give a copy of the direct purchase contract to the consumer at the time of conclusion of the contract. These contracts are often long, technical and full of fine print. These factors, combined with time pressure, mean that many people don`t read before signing. However, it is important that you know what is in the contract. Many people don`t have a detailed overview of a contract until something goes wrong and by that time it`s usually too late to get out of the deal. In Woodward v.

International Exteriors (British Columbia) Ltd(1991), 53 BCLR (2d) 397, 1 BLR 254 (CA), paragraph 10, the oral termination of a contract was sufficient for the consumer to terminate this form of contract. Note that verbal termination may not be sufficient in all cases and written notice is always advised. If the future service contract does not contain the necessary information (§§ 19 and 23), a consumer may terminate the contract by sending the supplier to the supplier within one year of receipt of a copy of the contract by means of a declaration of revocation (§ 23 para. 5). Article 54 sets out the form and procedure required for termination. (See section N.A.1). “pre-treated cemetery or funeral contract” means a future service contract that provides cemetery or funeral services to one or more persons still alive at the time the contract is entered into; The acts set out disclosure requirements as well as disclosure requirements for fixed and open loans. The fundamental difference between fixed credit and appropriation is that the open loan involves several advances and does not specify the total amount that will be advanced under the agreement. However, open loans may be subject to a total credit limit. The fixed loan is a loan agreement that is usually based on a fixed initial advance and a predetermined payment plan. According to § 105 BPCPA, the creditor is obliged to compensate borrowers for violations of the law. Travel Club Contracts – Membership agreements that entitle you to discounts or other benefits when purchasing travel or holiday related services such as transportation and accommodation.

(b) subject to point (a), in accordance with the terms of a written fiduciary agreement between the savings bank and the provider. Most of the contracts that consumers sign are standard forms; They are printed in advance and you just need to sign on the dotted line. Examples include mobile phone contracts, car rental companies, and leases with an option to purchase. (d) indicate exactly which goods and services are included in any of the prices indicated. (3) The supplier must give a copy of the future performance contract to the consumer within 15 days of the conclusion of the contract. Since the BPCPA replaced the Consumer Protection Act, the BPCPA covers door-to-door sales, payday loans, credit cards, income tax refund services (although the Federal Tax Relief Act, RSC 1985, c T-3 regulates the actual amount that can be repaid), food plan contracts, unsolicited goods and similar activities. The main recourse for consumers of the BPCPA with regard to this type of activity is the right to cancel or terminate contracts for direct sales or future services after being informed of them in the manner required by law. A single contract may belong to more than one category and, in this case, will take into account the requirements and cancellation policy of each applicable section.

`contract for future performance` means a contract between a supplier and a consumer for the supply of goods or services for which the delivery or full payment of the total price to be paid has not yet taken place at the time of conclusion of the contract or partial performance of the contract, but does not contain any of the following information: (d) where the supplier has granted or arranged credit for a distance contract; the credit agreement within the meaning of Article 57 [Definitions], whether or not the credit agreement forms part of the distance agreement. These contracts are called continuous service contracts because even though you can pay now, the contract expands into the future. This type of contract is often used when joining a karate club or dance studio, or when purchasing a holiday club membership. A future service contract is defined in § 17 as follows: Future service contracts for personal development services or travel club services fall under the rules of this type of agreement. Similarly, future service contracts concluded via the Internet or where the parties are not physically present fall under the rules of this type of contract. 19 A direct purchase agreement, future service contract, or timeshare agreement must include the following information: Future Service Agreements – If you agree to purchase something that you will receive or pay for in the future, certain types of future service contracts will not be covered by these rules, including the purchase of gift cards and the sale of perishable food. Once the regulations are passed, a new part (Part 6.3) will be added to the Consumer Protection and Business Practices Act, creating restrictions on expensive credit products. The new rule limits a lender to a prescribed interest rate (or criminal interest rate if there is none), requires certain conditions to be included in high-cost credit agreements, and requires that the lender not calculate, require or accept any prohibited amount (p.B, payment fees before maturity) not be disclosed.

or that exceeds the expensive loan agreement. (a) the information referred to in Articles 19(a) to (c), (f) to (j) and (n) [required content of the contract] and Article 23(2) [required content of the future performance contract]; Loans offered by payday lenders, when calculated under the Criminal Code, may charge interest rates that exceed the amount allowed by definition. In 2006, the federal government amended the Criminal Code to exempt loan agreements from the determination of the criminal interest rate. 28 (1) If a direct purchase contract, a future service contract or a timeshare contract is terminated in accordance with that field of business, the consumer shall return the goods received under the contract by delivery of the goods to the person designated in the contract as the person to whom the revocation may be made or to the supplier`s business address. . . .