sec.112What happens when contract avoided

### sec.112 What happens when contract avoided Notice given under section 111 brings the contract, and any related contract, to an end. If the motor dealer to whom notice is given has given an option to purchase the motor vehicle to an option holder under section 103 , the motor dealer must immediately advise the option holder that— the prior contract has been avoided; and a contract to purchase the vehicle must be entered into before the end of the motor dealer’s next business day or any non-refundable deposit is forfeited. In this section— related contract includes— a contract about the provision of finance to purchase the vehicle; and a contract of insurance for the vehicle. (sec.112-ssec.1) Notice given under section 111 brings the contract, and any related contract, to an end. (sec.112-ssec.2) If the motor dealer to whom notice is given has given an option to purchase the motor vehicle to an option holder under section 103 , the motor dealer must immediately advise the option holder that— the prior contract has been avoided; and a contract to purchase the vehicle must be entered into before the end of the motor dealer’s next business day or any non-refundable deposit is forfeited. (sec.112-ssec.3) In this section— related contract includes— a contract about the provision of finance to purchase the vehicle; and a contract of insurance for the vehicle. - (a) the prior contract has been avoided; and - (b) a contract to purchase the vehicle must be entered into before the end of the motor dealer’s next business day or any non-refundable deposit is forfeited. - (a) a contract about the provision of finance to purchase the vehicle; and - (b) a contract of insurance for the vehicle.