John operates a small repair business and is in desperate need of a certain type of building material. He obtains the material from a large corporation, but is charged a grossly unreasonable price and is forced to buy other material he does not need. In view of the buyer's unequal bargaining power and unreasonable terms of the contract, this may be a case of:

A) in para delicto.
B) partial illegality.
C) substantive unconscionability.
D) procedural unconscionability.


C

Business

You might also like to view...

Inventoriable cost is a synonym of period cost

Indicate whether the statement is true or false

Business

When a product has ________ demand, an increase or decrease in the price of the product has little or no effect on the demand for the product

A) elastic B) joint C) derived D) inelastic E) fixed

Business

In the last 50 years it has been far more common for U.S. IPOs to suffer negative first-day returns on average

Indicate whether the statement is true or false

Business

When the central bank attempts to influence the supply of money in a country by the sale or purchase of government bonds, the practice is known as ________

A) open market operations B) a sterilized float C) a dirty float D) changing the required reserves

Business