Fact Pattern 19-1AOlisa enters into a contract to buy a stove from Pay-to-Own Appliance store with the price to be paid in monthly installments. After thirty-six months of payments, Olisa has paid more than twice the price of a similar stove. Eighteen payments remain due under the contract.Refer to Fact Pattern 19-1A. Olisa files a suit against Pay-to-Own, claiming that their contract is so unfair and one sided that it would be unreasonable to enforce it. Olisa is asserting

A. the concept of good faith.
B. the principle of fair trade.
C. the predominant-factor test.
D. the doctrine of unconscionability.


Answer: D

Business

You might also like to view...

Which of the following represents a typical supply chain?

A. Suppliers - Customers - Company B. Company - Suppliers - Customers C. Company - Customers - Suppliers D. Suppliers - Company - Customers

Business

Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used.

A) debit Manufacturing Overhead, $80,000; credit Work-in-Process Inventory—Mixing, $80,000 B) debit Work-in-Process Inventory—Coloring, $80,000; credit Manufacturing Overhead, $80,000 C) debit Work-in-Process Inventory—Coloring, $50,000; credit Manufacturing Overhead, $50,000 D) debit Manufacturing Overhead, $50,000; credit Work-in-Process Inventory—Mixing, $50,000

Business

Community events are sales-oriented activities that increase the opportunity for firms and potential buyers to interact on a personal level

Indicate whether the statement is true or false

Business

Which of the following is true about intentional infliction of emotional distress?

A) There must be some physical contact with the plaintiff. B) The defendant's conduct must go beyond all possible bounds of decency and be regarded as atrocious and utterly intolerable in a civilized society. C) The plaintiff must have witnessed severe physical injury to a relative or other significant person in the plaintiff's life. D) Recovery is allowed any time there is a measurable amount of mental distress.

Business