Steven Owns His Own Home

question 9

Multiple Choice

Steven owns his own home.Carl is a salesperson for the A-1 Home Improvement Company.Carl comes to Steven's house,without invitation,and sells Steven some replacement windows on credit.Steven uses his house as collateral for these windows.Later,Steven decides that he does not want the windows.Which of the following best describes Steven's possible actions?

• A) Steven has 3 business days to cancel the contract.
• B) Steven has 7 business days to cancel the contract.
• C) If A-1 failed to notify Steven of his right to cancel the contract,Steven has 2 years to cancel the contract.
• D) Steven is liable under the contract; he has no right to cancel the contract.

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Definitions:

Trade Agreements

Formal arrangements between countries to regulate tariffs, trade barriers, and the exchange of goods and services.

New Technologies

Emerging or advanced technologies that offer novel capabilities or significant improvements over pre-existing solutions, often driving innovation and change.

Needs Analysis

The process of determining and assessing gaps between current performance and desired outcomes or competencies, often used to identify training and development needs.

Training And Development

Organizational activities aimed at boosting the performance and efficiency of individuals and groups within a business setting through learning and development opportunities.