Discriminatory Pricing Is the Act of Charging Different Prices to Different

question 126

True/False

Discriminatory pricing is the act of charging different prices to different customers for the same product or service.

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Definitions:

Merchant

An individual or business that sells goods or services in the market.

Article 2

Refers to a portion of the Uniform Commercial Code that deals with the sale of goods.

Provisions

Specific clauses or articles in a contract or legal statute detailing certain conditions, requirements, or stipulations.

Unconscionability

A legal doctrine that describes terms so extremely unjust, or overwhelmingly one-sided in favor of the party who has the superior bargaining power, that they are deemed contrary to good conscience.