The Doctrine of Unconscionability Has Evolved Through Its Application by the Courts

question 24

Multiple Choice

The doctrine of unconscionability has evolved through its application by the courts to include:

• A) contract negotiating procedures.
• B) substantive contract terms.
• C) good faith.
• D) Both contract negotiating procedures  and substantive contract terms  are correct.

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Definitions:

Special Journals

Journals that record similar types of transactions, such as all credit sales.

Sales Returns

Goods returned by customers after purchase, reducing the total sales revenue.

Cash Payments Journal

An accounting ledger that tracks all cash payments made by a business, including expenses, debt payments, and purchases.