Which of the Following Statements Accurately States the Law with Respect

question 21

Multiple Choice

Which of the following statements accurately states the law with respect to consumer transactions?

• A) Where the court decides that a transaction was unconscionable, that transaction is unenforceable by the buyer.
• B) Where a consumer has been subject to a deceptive or unconscionable act or practice, he may recover damages and an order of rescission.
• C) In all consumer transactions, there is a cooling-off period of seven days in which the consumer can call off the deal.
• D) Where a supplier engages in a deceptive or unconscionable act, he is neither subject to fines nor jail.
• E) A deceptive or unconscionable supplier does not lose his right to carry on business in the province.

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Definitions:

Moral Ownership

The perception or feeling of being ethically responsible for an action or decision.

Underlying Values

Fundamental beliefs or principles that drive behaviors and decision-making.

Multiple Stakeholders

The involvement of various parties or groups, each with vested interests or concerns, in a particular project, policy, or business operation.

Business Organizations

Formal entities set up for the purpose of conducting trade or providing services with a view to profit.