Which of the Following Phrases Is Not Descriptive of an Ordinary

question 140

Multiple Choice

Which of the following phrases is not descriptive of an ordinary annuity?

• A)Payments made at the beginning of equal periods of time
• B)Both present and future value can be calculated
• C)Compound interest assumed
• D)Series of equal payments

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Definitions:

Adhesion Conscionability

Adhesion conscionability examines whether a contract, typically a "take-it-or-leave-it" deal presented by the stronger party to the weaker, is so one-sided that it is unfair to the weaker party and therefore unenforceable.

Procedural Unconscionability

A legal principle referring to circumstances where the process involved in making a contract is deemed unfair or unjust, often due to a significant imbalance in power or information between the parties.

Substantive Unconscionability

A legal doctrine that allows courts to refuse to enforce a contract or part of it, if the contract is excessively unfair or oppressive.

Adhesion Conscionability

A legal concept referring to the fairness of contract terms in a standard-form agreement, where one party has significantly more power to dictate the terms.