According to the FTC's "Cooling-Off" Rule,consumers Have 48 Hours (Two

question 42

True/False

According to the FTC's "Cooling-Off" Rule,consumers have 48 hours (two days)to cancel an order amounting to over $50.

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Definitions:

Transfer and Distribution

The process of moving goods from one location to another and allocating them among parties or points of sale.

Antilapse Clause

A provision in a will or estate plan that specifies what happens to a gift if the beneficiary predeceases the donor, often allowing the gift to pass to the beneficiary's heirs.

Incontestability Clause

A part of an insurance contract that precludes an insurance company from challenging statements in an insurance application after a certain period of time.

State Mandated

Requirements or actions imposed by state governments that must be complied with by individuals or entities within that state.