Question

In: Operations Management

Many states provide that consumers get a three-day right of rescission for certain contracts. Do you...

Many states provide that consumers get a three-day right of rescission for certain contracts. Do you think that this is a fair practice?

Solutions

Expert Solution

clients have a three-day ideal to wipe out. You likewise may have known about this as a "chilling" period. The lawful term for fixing an agreement is "rescission." However, this capacity to drop does not matter to all agreements or buys.

The three-day right of rescission law applies to deals made at offices other than the merchant's place of business. For instance, a buy from a way to-entryway salesperson made at your home. Or on the other hand, a buy made in a transitory deals site, for example, a lodging meeting room or tradition focus.

The three-day right does not make a difference to buys under $25, the buy of protection, or the buy of homestead hardware.

This is a fair practice as per my understanding. It removes all the frauds that is expected to be done. And the amount is also above $25 it means the products are heavily priced so the companies cannot claim about the harm by This law. If any customer is there and his or her presence of mind is poor then he or she can think in 3 days or he or she can consult with her friends and families. As the products ra e supposed to be used in a long term

keosha answered 1 year ago
Next > < Previous

Related Solutions

The statute of Frauds states that certain types of contracts must be in writing. Does the...
The statute of Frauds states that certain types of contracts must be in writing. Does the coverage of the statute of frauds make sense as it currently stands? Would it be better to expand the law and require that all contracts be in writing? Or should the law be done away with altogether? Explain each answer in details ..
One day, investor A takes a long position in 10 contracts of a certain futures, and...
One day, investor A takes a long position in 10 contracts of a certain futures, and investor B takes a short position in 10 contracts of the same futures. If this is the only transaction for the futures on the day, the trading volume for the futures is 20. Group of answer choices True/ False
Hi! I kep trying this question and can't get it right. At a certain temperature, the...
Hi! I kep trying this question and can't get it right. At a certain temperature, the equilibrium constant for the following chemical equation is 2.90. At this temperature, calculate the number of moles of NO2(g) that must be added to 2.73 mol of SO2(g) in order to form 1.30 mol of SO3(g) at equilibrium. SO2(g) + NO2(g) ----> SO3 (g) + NO (g) Answer in mol NO2
From a Utilitarian perspective do you think it is morally right for the United States to...
From a Utilitarian perspective do you think it is morally right for the United States to establish truly universal healthcare? You must use Act Utilitarianism or Rule Utilitarianism in your answer. It can be in support of your argument, in support of an objection to your argument that you consider, or both. Include a brief explanation of what utilitarianism is. How would you define act utilitarianism or how would you define rule utilitarianism? Your response should include: A. A brief...
Do you believe that there are too many lawsuits in the United States? If so, do...
Do you believe that there are too many lawsuits in the United States? If so, do you place more blame for the problem on lawyers or on individuals who go to court? Is there anything that would help the problem? What, if any, are the positive outcomes of lawsuits? *100 words or more*
Do you believe that there are too many lawsuits in the United States? If so, do...
Do you believe that there are too many lawsuits in the United States? If so, do you place more blame for the problem on lawyers or on individuals who go to court? Is there anything that would help the problem? What, if any, are the positive outcomes of lawsuits? *100 words or more*  
Do you think it is right that lenders aggressively market credit lines to certain types of...
Do you think it is right that lenders aggressively market credit lines to certain types of consumers? (e.g. college students on their campuses, retirees on fixed incomes, people who have recently filed bankruptcy, people who might not understand the credit terms due to limitations of language, education and/or health?) How have changes in expectations, attitudes and practices on the part of lenders and consumers changed over the last two generations?
What do you think an effective approach would be to try an get certain companies that...
What do you think an effective approach would be to try an get certain companies that do not pay a livable wage to be fair with their employees?
Many mortgage companies have included in their mortgage contracts the right to non-judicial foreclosure, meaning that...
Many mortgage companies have included in their mortgage contracts the right to non-judicial foreclosure, meaning that if a mortgagee becomes delinquent under the terms of the note, the mortgage company can foreclose on the property without having to sue the mortgagee and obtain a judgment for judicial foreclosure. Do you think this nonjudicial foreclosure provision is fair? Is it good for the economy/business? Should it be allowed? Why or why not? Please remember to comment upon at least two other...
To determine the right amount of a certain public good to provide, the government of Wakanda...
To determine the right amount of a certain public good to provide, the government of Wakanda decides to survey its residents about how much they value the good. It will then finance the public good provision by taxes on residents. Describe a tax system that woul lead residents to underreport their valuations. Describe an alternative system that could lead residents to overreport their valuations.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT