The difference between the UCC requirement of good faith and doctrine of unconscionability is that
a. good faith prohibits shockingly one-sided terms in a contract.
b. good faith focuses on the parties' behavior as they perform the contract.
c. unconscionability looks at the parties' attempt to carry out the terms of the contract in a reasonable manner.
d. unconscionability focuses on whether a party is honest in fact and exercises reasonable commercial standards of fair dealing.
b
You might also like to view...
The wages of employees who are directly involved in converting materials into finished goods are known as ____________________
Fill in the blank(s) with correct word
You are a potential stockholder and are concerned that a particular company you are ready to invest in might have too much debt. Which financial statement would provide you information needed in order to evaluate your concern?
a. Income statement b. Balance sheet c. Statement of retained earnings d. Statement of public accounting
Describe the various criminal provisions of the Sarbanes-Oxley Act of 2002.
What will be an ideal response?
Which of the following is true of the "swing group" of employees in organizations?
a. Individuals in this group have situational ethics. b. Individuals in this group are dishonest most of the time. c. Individuals in this group do not know how to translate their ethical values to the business world. d. Individuals in this group lack ethical courage.