How many days does Holiday Shores have to rescind the contract for the Time-Share Interval?

In the context of time-share interval contracts, certain regulations provide for a specific period during which buyers can change their minds and rescind the contract without penalty. In Arkansas, buyers typically have five days from the date of purchase to exercise their right to rescind a time-share interval contract. This period allows purchasers to review their decision with adequate time to reconsider the commitment they are making.

Understanding this provision is crucial, as it helps protect consumers from hasty decisions regarding significant financial investments like time-shares. In contrast, the other time frames mentioned do not align with the statutory requirements, which is why they are not correct in this scenario.