What Must Be Established for a Court to Rule a Contract

question 66

Multiple Choice

What must be established for a court to rule a contract is unconscionable?

• A)unequal bargaining power
• B)the contract was grossly unfair
• C)one party was significantly weaker due to inabilities or distress
• D)the transaction was hasty and careless
• E)all of the above

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Definitions:

Securities

Financial instruments that represent an ownership position in a company (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.

Basket

A collection or grouping of goods, assets, or financial instruments, often used for diversification or index construction purposes.

Mutual Fund

An investment vehicle in which investors contribute to a fund that uses their pooled money to invest in stocks, bonds, and other financial assets. The fund owns the assets, while the investors own shares of the fund.

Investor

A person or organization that invests money expecting to earn financial profits.