A Party Who Wants to Avoid a Contract on the Basis

question 60

Multiple Choice

A party who wants to avoid a contract on the basis of unconscionability must prove all of the following except:

• A) the parties possessed severely unequal bargaining power.
• B) the weaker party was fraudulently misled into entering the contract.
• C) the dominant party unfairly used its unequal bargaining power to obtain oppressive or unfair contract terms.
• D) the weaker party had no reasonable alternative.
• E) Unconscionability is not a reasonable basis, either legally or equitably, for avoiding a contract obligation.

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Definitions:

U.S. Citizens

Individuals who are legally recognized as members of the United States, with specific rights, privileges, and obligations.

Government Budget Surplus

A Government Budget Surplus occurs when a government's income exceeds its spending over a specific period.

Foreign Companies

Businesses that are registered, located, or operating in a country different from where the parent company is situated.

Dollar Value

The worth of something in terms of the amount of currency it can buy or how much currency is required to buy it.