Samuel Signed a Contract to Purchase Furniture on Credit

question 6

Essay

Samuel signed a contract to purchase furniture on credit. The contract clearly set forth in bold print all charges included in the cost of the credit, including the interest rate and annual percentage rate. The seller informed Samuel that the seller regularly sold these contracts to a finance company that paid it immediate cash and then collected from the debtors. The seller further advised that the finance company did not want "the headache" of determining the validity of consumer complaints and that therefore the contract provided that the consumer waived all defenses concerning the furniture against the finance company. The contract expressly provided that the seller would remain responsible for any non-conformities in the furniture or breaches of contract on its part. The furniture was defective, but the finance company is demanding that Samuel make the payments to it required by the contract and resolve its disputes with the seller of the furniture. Samuel consults you regarding his rights. What is your response?

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Definitions:

Monumental Simplicity

A term describing art or architecture that is grand in scale yet simple in design, focusing on the power of form and space.

Celadon Ceramics

A type of Chinese pottery known for its distinctive greenish-blue glaze, symbolizing refinement and purity, popular during various dynasties in China and widely exported.

Goryeo Dynasty

A Korean dynasty lasting from 918 to 1392, known for its achievements in art, particularly in the creation of celadon ceramics.

Tang Court

Refers to the imperial court of the Tang Dynasty in China, known for its cultural richness, including poetry, painting, and the patronage of the arts.