Which of the Following Situations Appears to Involve 'Unconscionability

question 3

Multiple Choice

Which of the following situations appears to involve 'unconscionability'?

• A)A woman gave all of her property to the religious order of which she was a member.
• B)A man induced another to sign a contract by telling him that if he did not,he would report his son to the police for committing a criminal offence.
• C)A property developer promised their accountant a share in a business venture in return for a reduction in their bill.
• D)An elderly Italian couple sign a mortgage in favour of a bank guaranteeing their son's debts;the bank manager knows the couple are unaware of the son's financial difficulties.

Prepare and understand the significance of petty cash funds in business operations.

Understand and apply the concept of cash equivalents in financial reporting.

Understand the practices in safeguarding company assets and ensuring reliability in the accounting system.

Analyze financial data to determine financial health and uncover discrepancies.

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Definitions:

Recognition

The ability to identify previously encountered events, objects, or people.

Memory Revision

The process of altering or modifying memories, often involving the integration of new information or reinterpretation of existing memories.

Loftus

Refers to Elizabeth Loftus, a prominent psychologist known for her research on human memory, particularly on the malleability of eyewitness memory.

Nondeclarative Memories

Memories that are acquired and retrieved unconsciously, including procedural memories such as how to ride a bicycle.