Unconscionability Is a Defense Used When a Contract Contains Markedly

question 62

True/False

Unconscionability is a defense used when a contract contains markedly unfair terms against the party with less bargaining power than the party who created the terms and induced the other party to sign it.

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Definitions:

Voting Control

The power to influence or determine outcomes within an organization through the possession of voting shares or rights.

Durability

The ability of a product or material to withstand wear, pressure, or damage, maintaining its original form and functionality over time.

Barriers to Entry

Factors that make it difficult for new competitors to enter a market, protecting existing players from potential new entrants.

Timmons Model

A framework for understanding and analyzing the entrepreneurship process, focusing on the opportunity, team, and resources.