If a Contract Varies So Much from Community Standards of Commercial

question 47

Multiple Choice

If a contract varies so much from community standards of commercial morality that it should not be enforced the court will rule the contract is

• A)void as it is unconscionable
• B)void due to duress
• C)void due to unfairness
• D)void due to undue influence
• E)void due to mistake

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Definitions:

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a particular amount of goods or services.

Gasoline

A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.

Marginal Utility

The additional satisfaction or benefit (utility) that a person receives from consuming one more unit of a good or service.

Utils

A hypothetical unit of measurement used in economics to quantify utility or the satisfaction gained from consuming goods and services.