Which of the Following Is a Possible Outcome If a Court

question 79

Multiple Choice

Which of the following is a possible outcome if a court finds that a contract or a term in a contract is unconscionable?

• A)It will refuse to enforce the entire agreement.
• B)It will impose punitive damages on the guilty party.
• C)It will allow the injured party to recover damages.
• D)It will ask for arbitration in the matter.

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Definitions:

Monetary Items

Assets and liabilities that are to be received or paid in a fixed or determinable amount of money.

Payables

Amounts that a company owes to its creditors or suppliers for goods or services received.

Borrowings

Funds that a company or individual takes on loan from another party, to be repaid over time with interest.

Denominated

To specify the currency in which a financial transaction or instrument is expressed or required to be settled.