Which of the Following Is TRUE

question 65

Multiple Choice

Which of the following is TRUE?

• A)A transaction may be unconscionable only if an inequality of bargaining power between the parties results in an improvident bargain for the weaker party.
• B)A transaction can be unconscionable only if the bargain is not improvident.
• C)A transaction can be unconscionable only if the presumption of unconscionability is rebutted.
• D)A transaction can be unconscionable only if a fiduciary duty exists between the parties.
• E)Any contract in which a large company enjoys a benefit over an individual consumer is an unconscionable transaction.

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Definitions:

Nonlinear Optimization Models

Mathematical models where the objective function or any of the constraints are nonlinear, used to find the optimal solution under given nonlinear conditions.

Lagrange Multiplier

A strategy used in optimization problems to find the maximum or minimum of a function subject to constraints.

Projected Revenue

An estimate of the amount of money that a company expects to earn in a future period.

Platinum Suites

High-end accommodations or software packages superior to gold suites, offering the highest level of luxury or features.