Asked by Eugene Dioso on Apr 29, 2024
Verified
The FTC's "Cooling-Off" Rule applies to sales that are entered completely by phone or by mail.
Cooling-Off Rule
A Federal Trade Commission rule under which sales of consumer goods or services over $25 made away from the seller’s regular place of business may be canceled within three business days after the sale occurs.
Entered Completely
A term that implies that data or information has been fully inputted into a system or document without omissions.
- Know the FTC's rules and regulations related to sales and advertising practices.
Verified Answer
VS
Vanessa SalazarMay 02, 2024
Final Answer :
False
Explanation :
The FTC's "Cooling-Off" Rule applies to sales made at the buyer's residence, workplace, or a seller's temporary location, as well as sales made through the internet or by phone/mail after a face-to-face meeting with the seller.
Learning Objectives
- Know the FTC's rules and regulations related to sales and advertising practices.
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