View the step-by-step solution to:

use the IRAC method: On June 28, a sales representative for Renowned Books calls on the Gochars at their home.

use the IRAC method:

5. On June 28, a sales representative for Renowned Books calls on the Gochars at their home. After a very persuasive sales pitch on the part of the sales agent, the Gonchars agree, in writing, to purchase a twenty-volume set of historical encyclopedias from Renowned Books for a total of $299. An initial down payment of $35 is required, with the remainder of the price to be paid in monthly payments over a one-year period. Two days later, the Gonchars, having second thoughts, contact the book company and state that they decided to rescind the contract. Renowned Books says this is impossible. Has Renowned Books violated any consumer law by not allowing the Gonchars to rescind their contract?

Sign up to view the entire interaction

Top Answer

Dear student, please find... View the full answer

8435846.docx

Solution:
Rescinding means dissolving or putting the parties in a position they were in before entering the
agreement. Rescinding means brining a contract to an end. It can be done only with the...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online