For a Contract to Be Unconscionable, It Is Necessary That

question 74

True/False

For a contract to be unconscionable, it is necessary that the victim was particularly vulnerable and that the bargain was unfair.

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Definitions:

Investment Income

Income earned from investments, including dividends, interest, and capital gains from securities, real estate, or other assets.

Deferral Method

An accounting practice where certain revenues or expenses are deferred to a future accounting period to better match revenues with expenses.

Deferred Contribution

Refers to contributions or payments that are postponed to a future date rather than being made immediately.

Net Assets

The total assets of a company or organization minus its total liabilities; an indicator of financial health.