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The tutorial discusses the 72-hour contract law, applicable to all corporations under the UCC (Uniform Commercial Code). This law provides consumers the right to cancel a contract during a "cooling off period," typically lasting three days. Consumers have until midnight after the third day to rescind the contract, regardless of any indications that they have agreed to it by taking possession of a product or service. The video implications suggest that consumers can utilize this law to back out of contracts if they choose to do so, emphasizing their rights under the UCC, specifically referencing section 3.
