Under which right can a timeshare purchaser change their mind within three business days?

The correct answer is the right of rescission. This legal concept grants a timeshare purchaser the ability to change their mind and cancel the purchase within a specified period, which is typically three business days. The right of rescission serves as a consumer protection measure, allowing buyers to reconsider their decision after the initial excitement of the purchase and to ensure they fully understand the implications of their commitment.

In the context of timeshare purchases, this means that should the buyer have any regrets or concerns about the investment, they can simply notify the seller of their decision to rescind. This safeguard is crucial because timeshare agreements can often be complex and financial commitments substantial. The three-day period specified is designed to provide a reasonable window for the buyer to reflect without pressure.

While the other terms, such as rights of approval or review, may imply varying degrees of oversight or assessment, they do not specifically refer to the ability to withdraw from a contract after signing. The right of cancellation typically refers to different conditions under which a contract can be terminated but does not specifically apply to the situational context of timeshare purchases, focusing instead on legal mandates established to protect consumers.