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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?

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


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...

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