Sales Contracts Containing Unconscionable Clauses Are Void and Unenforceable

question 2

True/False

Sales contracts containing unconscionable clauses are void and unenforceable.

---

Definitions:

Common Stock

A type of security that represents ownership in a corporation, giving holders the right to vote on corporate matters and receive dividends.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies. It is often evidenced by ownership of 20% to 50% of the voting stock of the investee.

Net Income

The residual financial gain of a company post all expenditures and taxes being deducted from its revenues.