Oregon Construction Contractors (CCB) Practice Test

How long does Oregon law allow a property owner to cancel an initial construction contract?

1. One day's notice

2. Two days' notice

3. Three days' notice

4. Five days' notice

The correct answer is: One day's notice

In Oregon, the law allows a property owner to cancel an initial construction contract within three days. This provision is designed to protect consumers by giving them a short window to reconsider their commitment after signing a contract. The idea is to prevent hasty decisions, providing an opportunity for the property owner to reflect on the terms of the agreement they have just entered into. The option stating one day does not capture the correct timeframe established in Oregon law. Instead, the law specifically stipulates that consumers are granted that three-day period to ensure they have sufficient time to assess their decision without pressure. This cancellation period applies to various types of contracts, including those for construction services, emphasizing consumer rights in business transactions.