Which of the Following Is True About Unconscionable Contracts

question 32

Multiple Choice

Which of the following is true about unconscionable contracts?

• A) A term is substantially unconscionable if it is imposed upon the weaker party because of inconspicuous print.
• B) "Unconscionable" is not defined in the Restatement or the UCC.
• C) Procedural unconscionability arises where the affected terms deprive a party of any real remedy for breach.
• D) Courts find unconscionable contracts in the context of commercial transactions rather than consumer transactions.
• E) In the case of consumer transactions, the assumption is that the parties tend to be sophisticated businesspeople, able to look out for their own contract interests.

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Definitions:

Budgeted Balance Sheet

A projection of a company's financial position at a future date, estimating assets, liabilities, and shareholders' equity based on planned activities.

Operating Plans

Detailed plans outlining a company's goals and how it will operate to achieve them, including production, marketing, and staffing strategies.

Specific Goals

Objectives that are clearly defined, precise, and often measurable, aiding in strategy development and performance assessment.

Actual Results

The real, measured outcomes or performance of an entity's operations, projects, or investments, typically assessed against budgeted or forecasted figures.