What happens if a sales contract is not approved within two days?

If a sales contract is not approved within two days, it is voided, and all payments and titles are returned. This ensures that both the buyer and seller are protected within a defined timeframe. If the seller does not approve the contract within the specified period, it signifies that the deal is not finalized, allowing the buyer to revert back to their original position as if the contract had never been made. This provision is in place to give buyers peace of mind and allow them to reconsider their commitment without incurring penalties or losing their investments.

The nature of the other options does not align with the established regulations regarding auto sales contracts. For instance, the idea that the contract automatically becomes valid or that the sale is finalized regardless do not hold true, as the approval process itself is integral to the contract's legitimacy. Furthermore, suggesting that non-approval results in additional fees contradicts the intent behind allowing buyers a grace period to ensure they are satisfied with their purchase before final commitment.