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Which of the Following Is True of the "Cooling-Off" Rule

Question 16

Multiple Choice

Which of the following is true of the "Cooling-Off" Rule?


A) It gives consumers an opportunity to change their minds after signing contracts with people who come to their homes for product sales.
B) It allows sales of consumer goods or services under $25,made away from the seller's place of business,to be cancelled within three business days after the sale.
C) It requires the seller to give the buyer one copy of a cancellation form,which the buyer may send to the seller any time before the third business day after the sale.
D) It does not apply to consumer product parties given in private homes and to sales made in rented hotel rooms or restaurants.

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