Learn in the textbookContract Types and Consumer Transaction Laws
DefinitionThe Specified Commercial Transactions Act (特定商取引法) defines types of transactions that easily lead to trouble with consumers and sets rules businesses must follow for each type, so as to protect consumers.
ExplanationCovered transaction types include door-to-door sales, telephone solicitation sales and mail-order sales. For door-to-door sales and similar types, cooling-off lets a consumer cancel a contract for any reason within a set period even after signing. Businesses also have duties such as handing over documents that state the contract terms and not running exaggerated advertising.
AnalogyThink of traffic rules for each type of deal, written with pushy sales pitches in mind. With door-to-door sales, you get a grace period to cool down and cancel even after signing.
Memory hookThe "specified" in the name means only the transaction types the law names are covered.