What will be the outcome in given condition

Assignment Help Management Theories

Reference no: EM131377848

Carolyn Murphy, a welfare recipient with very limited education and with four minor children, responded to an advertisement that offered the opportunity to purchase televisions without a deposit or credit history. She entered into a rent-to-own contract for a twenty-five-inch console color television set that required seventy-eight weekly payments of $16 (a total of $1,248, which was two and onehalf times the retail value of the set).

Under the contract, the renter could terminate the agreement by returning the television and forfeiting any payments already made.

After Murphy had paid $436 on the television, she read a newspaper article criticizing the lease plan. She stopped payment and sued the television company. In response, the television company has attempted to take possession of the set. What will be the outcome?

Reference no: EM131377848

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