Question $24$

$2$ pts

The Windsors are considering purchasing a swimming pool. The representatives of Fun$-$in$-$the$-$Sun Pool arrange a meeting at the Windsors' home to discuss the price and draw up plans. The Windsors sign a contract for the pool for a price of $$12,000$ with payments of $$3,000$ each month for the next four months while the pool is under construction. The Windsors also agree to pay a carrying charge for the payments of $$250\mathrm{.}00.$ Two days after signing the contract, the backhoe operator arrives ready to dig the pool, but the Windsors tell him the contract is off. The Windsors:

have breached their contract and will be liable to Fun$-$in$-$the$-$Sun Pool for damages.

are protected by their three$-$day rescission rights under Regulation $Z.$

do not have the three$-$day rescission rights since they were not notified of this right.

still owe the pool company all of the payments.