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Can you summarize MORS 408.270?
Legal Tender and Interest > Retail time contracts negotiated by mail delivery unnecessary notice of insertions in blanks.
Short Summary
This legal document governs retail time contracts that are negotiated and entered into by mail without personal solicitation by salesmen or other representatives of the seller. These contracts are based on the catalog or other printed solicitation of business, which is distributed and made available generally to the public. The document specifies that all provisions of sections 408.250 to 408.370 apply to such sales, except that the seller is not required to deliver a copy of the contract to the buyer. If the contract received by the seller contains any blank spaces, the seller may insert in the appropriate blank space the amounts of money and other terms that are set forth in the seller’s catalog or other printed solicitation. Instead of sending a copy of the contract to the buyer, the seller must provide a written statement of any items inserted in the blank spaces in the contract received from the buyer.
Whom does it apply to?
Sellers and buyers who negotiate and enter into retail time contracts by mail without personal solicitation by salesmen or other representatives of the seller
What does it govern?
Retail time contracts negotiated by mail
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Missouri