If an Agreement Is Made Between Two Parties of Unequal

question 31

Multiple Choice

If an agreement is made between two parties of unequal bargaining power:

• A) The court will not enforce the agreement.
• B) The court will nevertheless enforce the agreement.
• C) The court will not enforce the agreement if the pressure used by the stronger party was unconscionable.
• D) The court will only enforce the agreement if the weaker party could have chosen to deal with another person, but did not do so.

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Definitions:

Interest

The payment required for obtaining the service of borrowing funds, typically denoted as a yearly percentage rate.

Interest Rate

The proportion of interest charged to a borrower by a lender for the use of borrowed money.

Investment

The operation of earmarking financial resources with the hope of obtaining a return or profit.

Simple Interest

A method of calculating interest where the interest charge is based on the original principal only, not on the accumulated interest.