Zena Enters into a Contract with Steeley Company to Purchase

question 34

Multiple Choice

Zena enters into a contract with Steeley Company to purchase a washer and dryer.She doesn't understand the financing terms,but signs the agreement anyway because she needs the appliances.The financing terms are very unfavorable to Zena,and she is unable to make all of her payments when they are due.Steeley sues.The court would:

• A) be exercising judicial restraint if it requires Zena to pay as she promised, even if the agreement was unfair and unwise.
• B) have to rewrite the contract to be fair to both parties.
• C) have to declare the contract void since it contained terms unfavorable to the weaker party to the transaction.
• D) use the theory of promissory estoppel to remedy any unfavorable terms in the contract.

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Definitions:

Psychometric Study

involves the science of measuring mental capacities and processes through various tests and assessments.

Naturalistic Observation

A research method where subjects are observed in their natural environment without any manipulation by the researcher.

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