Should a buyer cancel, he is automatically entitled to claim back advance payments and the seller is not allowed to levy a cancellation fee.

The buyer cannot stipulate contingencies and cancel the contract later.

But, he said, there are usually clauses in real estate contracts that permit the buyer to cancel the contract - and get the deposit back - under certain circumstances.

Upon revocation, the buyer can then cancel the contract and compel refund of the purchase price of the goods.

The option lasts 10 years, although the buyer can cancel it by redeeming the bond after 3, 5 or 7 years.

However, paint began to flake off and buyer cancelled cheque.

Major buyers, such as supermarket and restaurant chains (for example: Wendy's and Long John Silver) canceled their contracts.

The longer he stays around, the greater the chance the buyer will change his mind, and cancel the order.

He saw more than 10,000 sweaters his father had not sold because the buyers had canceled the order, or something else had gone wrong.

On Monday, KB Homes also said that orders were down significantly and that more buyers were canceling contracts.