Olga Enters into a Contract to Buy a Refrigerator from a Prairie

question 70

Multiple Choice

Olga enters into a contract to buy a refrigerator from a Prairie States Appliance store with the price to be paid in monthly installments. After thirty-six months of payments,Olga has paid more than twice the price of a similar stove. Eighteen payments remain due under the contract.
-Refer to Fact Pattern 20-1. Olga files a suit against Prairie States,claiming that their contract is so unfair and one sided that it would be unreasonable to enforce it. Olga is asserting

• A)the concept of good faith.
• B)the principle of fair trade.
• C)thepredominant-factor test.
• D)thedoctrine of unconscionability.

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Definitions:

Gigabytes

A unit of digital information storage equal to 1,024 megabytes, often used to measure the capacity of memory or storage devices.

Cache Memory Levels

Refers to a hierarchy of cache storage that improves data access time by storing frequently used data in quick to access memory layers.

Proximity

The state or condition of being close or near; in technology, it often relates to the detection of and response to nearby objects or signals.

Machine Cycle

The series of steps a central processing unit goes through when it performs a program instruction.