A preliminary down payment of is required with the rest

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Reference no: EM1372878

Make use of the IRAC method to rescind the contract

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

Reference no: EM1372878

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