The UCC Recognizes the Concept of Unconscionability

question 57

True/False

The UCC recognizes the concept of unconscionability.

---

Definitions:

Profit-sharing Plan

Profit-sharing Plan is a company program that provides employees with a share in the profits of the business, usually distributed annually or quarterly.

Deferred Payment

A financial arrangement allowing for payment to be made at a later date instead of at the time of purchase or service rendered.

Shared Commitment

A mutual understanding and agreement among members of a group to work towards a common goal or adhere to a set of standards.