An Unconscionable Contract Is

question 471

Multiple Choice

An unconscionable contract is:

• A) a contract so unfair to an innocent party that the courts, in equity, will not enforce it
• B) enforced if the contract is for the sale of perishable goods whose demand fluctuates widely
• C) one involving public servants, such as legislators
• D) one involving minors
• E) all of the other choices

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean value, indicating how spread out the data are.

Deviations

Differences between observed values and some reference value, often the mean of the dataset.

Standard Deviation

A gauge for assessing the spread or differentiation of values within a group of data points.

Variance

A measure of the spread of a set of values, calculated as the average of the squared deviations from the mean.