Regarding Door-To-Door Sales,which of the Following Is Required by the Federal

question 27

Multiple Choice

Regarding door-to-door sales,which of the following is required by the Federal Trade Commission's Cooling-Off Rule?

• A)That consumers have three days within which to cancel purchases made from salespeople who come to their homes.
• B)That the salesperson notify the consumer,both verbally and in writing,that the sales transaction may be canceled.
• C)That the consumer be notified in writing in the same language in which the oral negotiations were conducted.
• D)That consumers have three days within which to cancel purchases made from salespeople who come to their homes; that the salesperson notify the consumer,both verbally and in writing,that the sales transaction may be canceled; and that the consumer be notified in writing in the same language in which the oral negotiations were conducted.
• E)That consumers have three days within which to cancel purchases made from salespeople who come to their homes and that the salesperson notify the consumer in writing in the same language in which oral negotiations were conducted that the transaction may be canceled,but not that notification also be made verbally.

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Definitions:

Regulatory Requirements

Legal obligations that entities must follow, often established by government agencies to regulate industry standards and protect public welfare.

Agent's Authority

The scope of power given to an agent to act on behalf of a principal in legal or financial matters.

Termination

The act of ending or concluding something, such as a contract, employment, or agreement, through specific actions or by operation of law.

Dissolution

The process of legally dissolving a corporation or partnership, ending its existence as a legal entity.