Which of the following elements must be established for a contract to be deemed unconscionable?
A. The weaker party did not enter the contract under duress.
B. The parties had equal bargaining power.
C. The dominant party justly used its bargaining power.
D. The adhering party had no reasonable alternative.
Answer: D
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Costs that support a product type or process are referred to as ________________________
Fill in the blank(s) with correct word
Oliver Blanchard of the Brand Builder Blog believes employees
A) generally have little stake in a company's image. B) often create internal conflict if they don't agree with their firm's marketing. C) should regularly interact with the mass media. D) who are unhappy should be fired in order to improve company morale. E) are central to a company's identity and directly affect customer service.
Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Corporation's entry would include a
A) Debit to the investment account for $20,000 B) Debit to the investment account for $8,000 C) Credit to the investment account for $8,000 D) Debit to a loss account for $8,000
Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 16,000 11,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$104,000$56,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30 During the current month the company started and finished Job T272. The following
data were recorded for this job: Job T272:MachiningCustomizingMachine-hours 60 30Direct labor-hours 10 60The predetermined overhead rate for the Machining Department is closest to: A. $8.60 per machine-hour B. $2.10 per machine-hour C. $22.93 per machine-hour D. $6.50 per machine-hour