Which of the Following Elements Has to Be Proved for a Contract

question 32

Multiple Choice

Which of the following elements has to be proved for a contract to be deemed unconscionable?

• A) that the weaker party did not enter the contract under duress
• B) that the parties had equal bargaining power
• C) that the dominant party justly used its bargaining power
• D) that the adhering party had no reasonable alternative

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Definitions:

Constant Rate

This term refers to a fixed rate over a period of time, often used in the context of financial instruments with fixed interest rates.

Projected Increase

An estimate or forecast of the amount by which something is expected to grow within a certain time frame.

Required Rate of Return

The minimum annual return percentage necessary to attract individual or corporate investment into a specific security or project is known as the required rate of return.

Constant Growth Rate

The assumption that a variable, such as a company’s dividends or economy, will grow at a consistent rate over time.