A homeowner who refinances her home mortgage may cancel the transaction:
A) if the terms of the contract were less favorable than anticipated.
B) within three business days.
C) only if she was the victim of fraud.
D) upon payment of a $1,000 penalty, as required by a Federal Trade Commission rule.
Correct Answer:
Verified
Q31: An offer to perform is known as
Q32: In the absence of an agreement to
Q33: If no time period for performance is
Q34: Commercial impracticability discharges a party's contractual obligations
Q35: When a debtor makes a payment to
Q37: The phrase "time is of the essence"
Q38: In a mutual rescission, both parties, acting
Q39: A seller's inability to obtain from any
Q40: By operation of law, a party can
Q41: A change of law discharges a contract
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