Something Is Unconscionable If It Shocks the Conscience by Heavily

question 5

True/False

Something is unconscionable if it shocks the conscience by heavily favoring one side due to the absence of meaningful choice and the highly unequal bargaining positions of the parties.

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Definitions:

Times Interest Earned

A financial metric indicating how many times a company's operating income can cover its interest expense, used to assess financial stability.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating cost shown on the income statement.

Current Ratio

A financial metric assessing a firm's capability to meet its short-term liabilities or debts due within a year.