In the following business letter i wonder what is meant here by
(transaction, rescission, provided for under federal law, and down
NOTICE OF RESCISSION
This is to notify you that I hereby cancel the Transaction
entered into on ___________________ between_______________
This notice is being mailed to you on __________________,
which falls within the three day right of rescission period
provided for under Federal Law.
I am requesting that you return my down payment immediately.
transaction = the business being done
recission = cancelling the contract
Federal Law = national rather than state law