P 274 which of the following is a true statement for

This preview shows page 28 - 30 out of 31 pages.

42.(p. 274)Which of the following is a true statement for unconscionable contracts? A. The doctrine of unconscionability can be used to relieve people of their bad bargains.B. Any contract between two parties with unequal bargaining power is unconscionable.C. If the court finds a term of a contract to be unconscionable, it must hold the entire contract to be illegal and unenforceable.D.A court may refuse to enforce an unconscionable contract as contrary to public policy.An unconscionable contract is one where the only choice for one of the parties is between "adhering" to the terms dictated by the other party or not contracting at all. A court may refuse to enforce such an agreement as contrary to public policy.
AACSB: AnalyticBloom's: UnderstandDifficulty: MediumLearning Objective: 15-05 Identify the elements that are considered in deciding whether a contract is unconscionable under the common law.Topic: Contracts Contrary to Public Policy43.(p. 274)Adhesion contracts fall under:
AACSB: EthicsBloom's: RememberDifficulty: EasyLearning Objective: 15-05 Identify the elements that are considered in deciding whether a contract is unconscionable under the common law.Topic: Contracts Contrary to Public Policy15-28
Chapter 15 - Illegality44.(p. 275)If a court finds a contract to be unconscionable, the UCC gives it the power to:
AACSB: AnalyticBloom's: UnderstandDifficulty: MediumLearning Objective: 15-06 Differentiate the UCC's treatment of unconscionability from the common law approach.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture