Asked by Sameeha Riptee on May 29, 2024
Verified
Regarding door-to-door sales,which of the following is required by the Federal Trade Commission's Cooling-Off Rule?
A) That consumers have three days within which to cancel purchases made from salespeople who come to their homes.
B) That the salesperson notify the consumer,both verbally and in writing,that the sales transaction may be canceled.
C) That the consumer be notified in writing in the same language in which the oral negotiations were conducted.
D) That consumers have three days within which to cancel purchases made from salespeople who come to their homes; that the salesperson notify the consumer,both verbally and in writing,that the sales transaction may be canceled; and that the consumer be notified in writing in the same language in which the oral negotiations were conducted.
E) That consumers have three days within which to cancel purchases made from salespeople who come to their homes and that the salesperson notify the consumer in writing in the same language in which oral negotiations were conducted that the transaction may be canceled,but not that notification also be made verbally.
Cooling-Off Rule
Regulation that allows consumers a set period to cancel contracts or purchases without penalty, often applied to door-to-door sales and certain loans.
Door-to-door Sales
The direct selling method where salespersons solicit business by visiting households or businesses without prior appointment.
- Pinpoint and elaborate on various legislative and regulatory protections for consumers.
Verified Answer
RM
Raquel MartinezJun 02, 2024
Final Answer :
D
Explanation :
The Federal Trade Commission's Cooling-Off Rule gives consumers three days to cancel purchases they make from salespeople who come to their homes.The salesperson must notify the consumer,both verbally and in writing,that the sales transaction may be canceled,and the consumer must be notified in writing in the same language in which the oral negotiations were conducted.
Learning Objectives
- Pinpoint and elaborate on various legislative and regulatory protections for consumers.
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