A Consumer May Rescind a Contract Without Liability When the Contract

question 3

Multiple Choice

A consumer may rescind a contract without liability when the contract is for:

• A) the purchase of a new automobile.
• B) the purchase of a used automobile.
• C) a home-solicited sale of services for $50 that was made two (2) days earlier.
• D) a home-solicited sale of goods for $25 that was made seven (7) days earlier.

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Definitions:

Social Rewards

Benefits or reinforcements provided by society for actions considered beneficial or conforming to norms.

Widely Valued Goods

Goods or services that hold significant value and appeal across a broad spectrum of society or market.

Prestige

The level of respect, admiration, or importance given to an individual, group, or institution based on perceived successes or qualities.

Education

The process of receiving or giving systematic instruction, especially at a school or university.