A contract is __________ when one party is induced to enter a contract without having any meaningful choice
a. substantively unconscionable
b. procedurally unconscionable
c. procedurally impracticable
d. substantively impracticable
b
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Unlike innovators, early adopters in general ________
A) compose the smallest of the innovation adoption categories B) have greater concern for social acceptance C) have stronger physiological needs than others in the population D) are light media users E) are less mainstream
There are two forms of bankruptcy: voluntary and involuntary
Indicate whether the statement is true or false
Imogene takes her diamond solitaire ring to Sparkle Jewelry Shop to have the prongs holding the diamond retipped and have the ring cleaned. The clerk at Sparkle says she will have to leave the ring and that it should be ready in about a week. When Imogene returns in a week to get her ring, she finds out that the ring has been sold. Which of the following is true?
a. Sparkle Jewelry Shop had the power to transfer all of Imogene's rights in the ring to a good faith buyer in the ordinary course of business. b. This situation was a theft of the ring by Sparkle, and Sparkle must retrieve the ring and return it to Imogene. c. The buyer of the ring must return it to Imogene since the buyer did not fully investigate whether Sparkle had good title to the ring. d. Imogene has lost title to her ring and has no recourse since she is responsible for investigating the merchant's integrity before leaving her property.
Grace signed a check in the lower right-hand corner and Hannah signed on the back. The presumption is that:
a. Grace is the issuer. b. Grace is the acceptor. c. Hannah is the drawer. d. Hannah is the maker and Grace is an indorser.