Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".
<h3>What is
procedural unconscionability?</h3>
Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable
Examples of Procedural Unconscionability is-
- influencing an underprivileged party who would not have otherwise signed the contract to do so.
- minimising important clauses in contracts for the sake of the underdog.
- If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.
Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.
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Answer:
Explanation:
A bank examiner is highly trained professional who has the mandate of making sure that financial transactions in a bank, such as issuance of loans and savings are carried out legally and in accordance to the laws and regulations of the government. He/she has a duty of checking whether the bank has complied with consumer protection laws to ensure the welfare of their customers. With these responsibilities, the examiner needs to be proficient with these laws , procedures and regulations
An inside director.
An inside director is someone who sits on the board of directors and is also an employee of the company (some board members are external non-employee advisors).
An example of this would be completing your assignment while you ride the train, or bringing your assignment with you while you wait at the doctors office for your appointment
Interest in sustainability initiatives has increased in recent years, is a true statement.
<h3>What is sustainability?</h3>
Sustainability can be defined as using resources in a way that is available for the current generation as well as the future generations.This also means that the resources will not be depleted in the future.
The people are making sure that they use the resources in a more careful and efficient manner and do not waste any resources or pollute the environment.
There are various organizations like WTO that help spread awareness of this initiative.
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