An Unconscionable Transaction Is

question 76

Multiple Choice

An unconscionable transaction is

• A)an agreement that is induced only by fraud.
• B)an agreement that is induced only by pressure.
• C)an agreement no fair-minded person would ever accept.
• D)an agreement no right-minded person would ever offer.
• E)unenforceable.

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Definitions:

Book Value per Share

The equity available to common shareholders divided by the number of outstanding shares, indicating the value of a company’s equity on a per-share basis.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.

Common Share

Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Current Ratio

A financial ratio that evaluates a firm's capacity to cover its short-term liabilities using its existing assets.