If a court finds a contract to be unconscionable, the Uniform Commercial Code (UCC) gives it the power to:
A. enforce only the legal obligations of the superior party involved.
B. relieve a party of liability under willful misconduct or fraud.
C. relieve one party from liability for the consequences of his or her own negligence.
D. enforce the contract in a way that avoids an unconscionable result.
Answer: D
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Which of the following regarding trading securities is correct?
A) Trading securities are reported at cost on the balance sheet date, and unrealized holding gains and losses are included in income of the current period. B) Trading securities are reported at fair value on the balance sheet date, and unrealized holding gains and losses are included in income of the current period. C) Trading securities are reported at fair value on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period. D) Trading securities are reported at cost on the balance sheet date, but unrealized holding gains and losses are not included in income of the current period.
Ethics training programs by incorporating global issues serve the utilitarian need of doing the greatest good for the greatest number. Which of the following are not global issues?
a. Human rights b. Environmental sustainability c. Salary and financial benefits d. Economic development
A safeguard is an emergency action that a WTO member state may take in order to protect its domestic industry from serious injury due to a sudden increase in the quantity of an imported product
Indicate whether the statement is true or false
The Constitutional Amendment that prohibits discriminatory and unfair action by the government is the:
A) First Amendment. B) Fourteenth Amendment. C) Thirteenth Amendment. D) Second Amendment.