Distinguish between procedural and substantive unconscionability
Procedural unconscionability involves scrutiny for the presence of unfair or irregular bargaining. Substantive unconscionability involves the actual terms of a contract and whether they are oppressive or grossly unfair.
You might also like to view...
Utah Co sold merchandise to Big Sky Corp on December 1, 2014, for $9,000, and accepted a promissory note for payment in the same amount. The note has a term of 90 days and a stated interest rate of 8%. Utah's accounting period ends on December 31. What is the actual maturity date of the note?
a. December 31, 2014 b. January 29, 2015 c. February 28, 2015 d. March 1, 2015
On October 1, Vista View Company rented warehouse space to a tenant for $3900 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is:
A. Debit Rent Receivable, $11,700; credit Rent Earned, $11,700. B. Debit Unearned Rent, $7800; credit Rent Earned, $7800. C. Debit Rent Receivable, $19,500; credit Rent Earned, $19,500. D. Debit Unearned Rent, $19,500; credit Rent Earned, $19,500. E. Debit Unearned Rent, $11,700; credit Rent Earned, $11,700.
Marketing expenditures are used in calculating
A. frequency and reach. B. gross margin. C. market share analysis. D. return on marketing investment. E. revenue analysis.
If an older client wishes to name her only adult son as the person who can make medical care decisions for her, that client should execute:
A) a will. B) a health care directive. C) a trust. D) a resulting trust.