A Contract Most Likely Will Be Declared Unconscionable If

question 12

Multiple Choice

A contract most likely will be declared unconscionable if

• A)it allows for an extremely high rate of interest to be charged.
• B)it contains a cancellation clause.
• C)it is oppressive and one-sided.
• D)it is signed by a minor for an item of luxury.

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Definitions:

Skill-Based Pay Programs

Compensation systems that determine pay levels based on the skills or knowledge an employee possesses, rather than their job title or position.

Profit-Sharing Program

A profit-sharing program is a company policy where employees receive a portion of the company's profits, typically as a bonus or addition to their regular salary, based on the company's performance.

Track Performance

The act of monitoring and evaluating the progress of an individual, group, or system towards a goal.

First Year

The initial period or the start phase of a specific time frame, such as a student's first year in university or an employee's first year at a job.