Which of the Following Was the Result in Hill V

question 42

Multiple Choice

Which of the following was the result in Hill v.Gateway 2000,the case in the textbook in which the purchaser of a computer failed to read a contract requiring arbitration that came packaged with the computer and asked the court to determine that a seller of computers could not limit buyers' remedies or require arbitration by bundling hardware and legal documents?

• A)The contract was binding on the purchaser because the purchaser accepted the risk of not reading the contract.
• B)The contract was binding on the purchaser because the contract's requirement of arbitration was reasonable.
• C)The contract was binding on the purchaser because the contract's requirement of arbitration was actually in the purchaser's favor.
• D)The contract was unconscionable and nonbinding.
• E)The contract was nonbinding because it should have been provided to the purchaser for review before the computer was shipped.

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Definitions:

Acquired Company

A company that has been purchased by another entity.

Trading Securities

Marketable securities that a company holds for the purpose of trading in the short term, with the intent of generating profit from price movements.

Fair Value

The estimated market value of an asset or liability, reflecting the price that two willing parties would agree to in an arm's length transaction.

Held-to-maturity

A category for debt securities that a company has the positive intent and ability to hold until maturity, reported at amortized cost.