Diana and Charles Windsor are considering purchasing a swimming pool.The representatives of Fun-in-the-Sun Pool arrange a meeting at the Windsor's home to discuss the price and draw up plans.The Windsors sign a contract for the pool for a price of $12,000 with payments of $3000 each month for the next four months while the pool is under construction.The Windsors also agree to pay a carrying charge for the payments of $250.00.Two days after signing the contract,the backhoe operator arrives ready to dig the pool,but Charles tells him the contract is off.The Windsors:
A)have breached their contract and will be liable to Fun-in-the-Sun for damages.
B)are protected by their three-day rescission rights under Regulation Z.
C)do not have the three-day rescission rights since there are no monthly installment payments over a period of one year.
D)none of the above

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The Answer of Diana and Charles Windsor are considering purchasing a swimming pool.The representatives of Fun-in-the-Sun Pool arrange a meeting at the Windsor's home to discuss the price and draw up plans.The Windsors sign a contract for the pool for a price of $12,000 with payments of $3000 each month for the next four months while the pool is under construction.The Windsors also agree to pay a carrying charge for the payments of $250.00.Two days after signing the contract,the backhoe operator arrives ready to dig the pool,but Charles tells him the contract is off.The Windsors:
A)have breached their contract and will be liable to Fun-in-the-Sun for damages.
B)are protected by their three-day rescission rights under Regulation Z.
C)do not have the three-day rescission rights since there are no monthly installment payments over a period of one year.
D)none of the above

Diana and Charles Windsor Are Considering Purchasing a Swimming Pool