Contractor License Practice Exam

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Prepare for your Contractor License Exam with our comprehensive quiz. Engage with multiple-choice questions, each providing hints and explanations to enhance your understanding. Get ready to ace your exam and secure your license!

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True or False: A seller is required by law to orally explain the customer's right to cancel at the time of sale.

True
False
Only for transactions over $100
Only if requested by the customer

The correct answer is: True

The statement is true because certain regulations, particularly those related to consumer protection laws, mandate that sellers must inform customers of their right to cancel a transaction at the time of sale. This requirement is designed to ensure that consumers are fully aware of their rights and can make informed decisions. By orally explaining the customer's right to cancel, the seller is reinforcing transparency and promoting consumer confidence in their purchasing decisions. These laws typically apply to specific types of transactions, such as door-to-door sales, and often require that this information be conveyed clearly and directly. The obligation to provide this information is a key aspect of protecting consumers from unfair sales practices, ensuring they understand their rights and can exercise them if necessary.