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 within:
A) 20 days by either party.
B) 10 days by the consumer.
C) three days by the consumer.
D) 10 days by either party.

Question

Quizplus · Accepted Answer

Under the Federal Trade Commission's (FTC) "Cooling-Off Rule" and various state laws, consumers have the right to cancel contracts or sales agreements made at their homes or at a location that is not the seller's permanent place of business within three days. This rule is designed to protect consumers from high-pressure sales tactics.

Under State Law in Many States and Under the FTC