To protect consumers who buy defective products, the Federal Trade Commission adopted FTC Rule 433 to effectively bolster the HDC doctrine in consumer transactions.

Question

Quizplus · Accepted Answer

FTC Rule 433, also known as the Holder in Due Course Rule, was adopted to limit the HDC doctrine in consumer transactions, not bolster it. It allows consumers to assert against any holder of the credit contract all claims and defenses they could assert against the seller of the goods or services.

To Protect Consumers Who Buy Defective Products, the Federal Trade