Which of the Following Is True of the "Cooling-Off" Rule

question 16

Multiple Choice

Which of the following is true of the "Cooling-Off" Rule?

• A)It gives consumers an opportunity to change their minds after signing contracts with people who come to their homes for product sales.
• B)It allows sales of consumer goods or services under $25,made away from the seller's place of business,to be cancelled within three business days after the sale.
• C)It requires the seller to give the buyer one copy of a cancellation form,which the buyer may send to the seller any time before the third business day after the sale.
• D)It does not apply to consumer product parties given in private homes and to sales made in rented hotel rooms or restaurants.