The UCC deals with unconscionability in a contract by providing that a court may
A. refuse to enforce the contract.
B. enforce the remainder of the contract without the unconscionable clause.
C. limit the application of any unconscionable clause as to avoid any unconscionable result.
D. All of these are correct.
Answer: D
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When there is a sale in a foreign currency and the payment date is in 30 days, _____________ exposure is present as a risk.
Fill in the blank(s) with the appropriate word(s).
If the forward price of a currency contract is higher than the spot rate, the currency is said to be at a
A) forward discount. B) forward premium. C) future expected exchange rate. D) forward swap rate.
Discuss the guidelines that are recommended for constructing a frequency distribution
The Balance Sheet is used to report:
A) results of operations for a specific date. B) the financial position on a specific date. C) results of operations for a specific period. D) the financial position for a specific period.