A Contract or Contract Provision Is Said to Be ______

question 64

Multiple Choice

A contract or contract provision is said to be ______ if it is so unfair that a court would be unreasonable if it enforced the contract.

• A) Unconscionable
• B) Unreasonable
• C) Voidable
• D) Viable
• E) Ancillary

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Definitions:

Real Wage

The wage adjusted for inflation, representing the purchasing power of the wage.

Nominal Wage

The wage paid to employees in current dollars, not adjusted for inflation, representing the face value of earned income.

Economic Income

The total value of all income received by an individual or entity, including both earned income and investment income.

Human Capital

The skills, knowledge, and experience possessed by an individual viewed in terms of their value or cost to an organization or country.