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:

Confidence Level

A measure of certainty in statistical analysis that a parameter lies within a specific range of values.

Flashbulb Memory

Highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential news was heard.

Accuracy Trust

The degree of confidence in the accuracy of a source or information.

Retroactive Interference

A phenomenon in which subsequently learned material lowers the probability of recalling earlier learned material.