Which of the Following Is True Regarding Unconscionability Under the Code

question 54

Multiple Choice

Which of the following is true regarding unconscionability under the Code?

• A) It is defined in Article 2 as "monstrously extortionately harsh,showing no regard for conscience."
• B) The Code denies or limits enforcement of an unconscionable contract for the sale of goods.
• C) Unconscionability may be substantive,but it cannot be procedural.
• D) The Code allows for the cancellation of an unconscionable contracts,but not for payment of attorney's fees.

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Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its large economy and diverse population.

Dramatically

This term indicates a significant, striking, or sudden change or effect.

Period

A length or portion of time in which events, processes, or conditions exist or take place.

Federal Income Tax Rates

A schedule of rates set by the government applied to the taxable income of individuals, corporations, and other entities.