Answer:
the couple may cancel the purchase agreement until midnight of the fifth day following the purchase, and they may keep the portable color television.
Explanation:
Time shared purchases are transactions that gives fractional ownership to a property. For example if a person purchases a month of time sharing on a property, they have the one twelfth ownership of the property.
The period of ownership is estimated non a yearly basis.
Time sharing can be deeded or non deeded depending on if the person purchased an interest in the property or if they are purchasing the right to occupy.
A purchaser is allowed to cancel the transaction by midnight not the fifth day after the contract is initiated.
Also any gifts like the colour television will remains as their property
