Which of the following was the court's holding in the case in the text Music Acceptance Corp.v.Lofing?
A)The FTC rule was inapplicable because the transaction did not exceed $25,000.
B)The plaintiff was in the same position whether the court applied the FTC rule or the language of the contract.
C)The FTC rule was inapplicable because the plaintiff did not use credit to make the purchase.
D)The Music Acceptance Corp.was a holder in due course.

Question

Quizplus · Accepted Answer

The court held it was irrelevant whether the FTC rule applied.Even if such a notice was not required to be given,the fact remained that Lofing's contract included the precise language mandated by the FTC rule.Put simply,Lofing would be in the same position whether the court was to apply the FTC rule or the language of his particular contract.

Which of the Following Was the Court's Holding in the Case