Asked by
Monib Hajyouni
on Dec 01, 2024Verified
Under state law in many states and under the FTC rules and the Federal Consumer Credit Protection Act, a contract solicited in a consumer's home may be canceled within:
A) 10 days by either party.
B) 10 days by the consumer.
C) three days by the consumer.
D) 20 days by either party.
Federal Consumer Credit Protection Act
A U.S. federal legislation designed to ensure fair and transparent practices in the credit industry, protecting consumers from unfair lending and billing practices.
Solicited In Home
Refers to sales, services, or promotional activities targeted at individuals directly within their residences, often by prior arrangement.
- Comprehend the responsibilities and entitlements of consumers following the execution of contracts and the details involved in terminating agreements.
Verified Answer
AG
Learning Objectives
- Comprehend the responsibilities and entitlements of consumers following the execution of contracts and the details involved in terminating agreements.
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