The Code Empowers Courts to Deal Fairly with a Contract

question 32

Multiple Choice

The Code empowers courts to deal fairly with a contract that is grossly unfair or one-sided by recognizing the concept of:

• A)good faith.
• B)unconscionable contract.
• C)quasi-contract.
• D)implied contract.

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Definitions:

No-Par Share

Stock issued without a specified face value, where the board of directors determines its value.