Under state law in many states and under the FTC rules and the federal Consumer Credit Protection Act,a contract solicited in a consumer's home may be canceled:
A) within 10 days by either party.
B) within 10 days by the consumer.
C) within three days by the consumer.
D) within 20 days by either party.

Question

Quizplus · Accepted Answer

According to the federal Consumer Credit Protection Act, a contract solicited in a consumer's home may be canceled by the consumer within three business days. Some states may have additional protections, but the minimum cancellation period is three days.

Under State Law in Many States and Under the FTC