Multiple Choice
Joe comes to Patty's house to sell her a knife set. He uses an aggressive sales pitch and he tells Patty that all sales are final. Patty signs a contract to buy the set, but later regrets it and asks to rescind the contract 7 days later? Can Patty rescind her contract?
A) No, because she waited more than the three days allowed under the Cooling Off Rule
B) No, because she was told all sales were final
C) Only if Joe engaged in fraud in the sale
D) Likely yes, because Joe failed to inform her, both verbally and in writing, that the transaction may be cancelled.
E) Yes, but only if she can prove the knives cost more than market value
Correct Answer:

Verified
Correct Answer:
Verified
Q40: A telemarketer calls a consumer and fails
Q41: A(n) _ is a statement that a
Q42: How does NAFTA define "Made in the
Q43: Which act states that a creditor must
Q44: The Federal Food, Drug, and Cosmetic Act
Q46: The Federal Trade Commission meets its goals
Q47: Which of the following was the result
Q48: A judge has determined that Billy's Widgets
Q49: The _ gives consumers three days to
Q50: Tupalo's restaurant sent a group of unsolicited