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:

Paralegal Education

The formal training process that prepares individuals to work as paralegals, often involving coursework in law, legal procedures, and professional ethics.

Paralegal Education Programs

Structured courses of study designed to train participants in aspects of legal work under the supervision of an attorney.

Large Law Firm

A legal practice with a significant number of attorneys, often spanning multiple offices in various geographic locations, offering a wide range of legal services.

Procedural Law

Rules that define the manner in which the rights and duties of individuals are enforced.