Asked by Martie Coleman on Apr 24, 2024
Verified
According to the FTC's "Cooling-Off" Rule,consumers have 48 hours (two days)to cancel an order amounting to over $50.
Cooling-Off Rule
A regulation that gives consumers a set period of time to cancel a contract or purchase without penalty, intended to protect consumers from high-pressure sales tactics.
- Learn about the directives and regulations of the FTC relevant to practices in sales and advertising.
Verified Answer
CH
Cassie Hughes5 days ago
Final Answer :
False
Explanation :
The FTC's "Cooling-Off" Rule actually gives consumers three days (72 hours) to cancel an order over $25 that was made at a location other than the seller's main place of business (such as a door-to-door salesperson or trade show). However, there are some exceptions to this rule.
Learning Objectives
- Learn about the directives and regulations of the FTC relevant to practices in sales and advertising.
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