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1 year ago

Describe the elements that must be present for the courts to rule that a contract is unconscionable?

Business

1 answer:

Evgesh-ka [11]1 year ago

7 0

The elements that would have to be in place for a contract to be unconscionable would be that

They were under pressure
They were misled
They did not have the right information

<h3>What is meant by a contract?</h3>

This is the term that is used to refer to the fact that two people or more have agreed to do business with themselves.

In order to be a contract, one person would have to create a bargain and the other would be the one that would agree to the terms.

It is unconscionable at the time when the contract is done and the person or one of the parties is found not to have been able to make the contract agreement at their right frame of mind. In this case, the law has the power to protect this party.

Hence they would have to rule in his favor. Therefore to be unconscionable, a contract would have to have been misled, have been made under duress and without the adequate information.

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Pacific Company sells only one product for $ 12 per unit, variable production costs are $ 3 per unit, and selling and administ

AveGali [126]

Answer: The operating income is $<u>76 comma 500</u> when 11 comma 000 units are sold.

Explanation:

Selling price = $12 / unit

Variable cost of production = $3 / unit

Selling and Admin cost = $1.5 / unit

Fixed cost for 11 comma 000 units are $ 6 comma 000.

For 11 comma 000 units,

Sales = 12 x 11000 = $132000

cost of production = 3 x 11000 = $33000

Selling and Admin cost = 1.5 x 11000 =$16500

Fixed cost = $6000

Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost

Operating income = 132000 - 33000 - 16500 - 6000 = $76,500

The operating income is $<u>76 comma 500</u> when 11 comma 000 units are sold.

4 0

3 years ago

Read 2 more answers

Before the provision for Federal income tax, Karas Corporation had book income of $400,000 for the current year. The book income

Margaret [11]

Answer:

correct option is c. $350,000

Explanation:

given data

book income = $400,000

dividends = $100,000

owned domestic corporation = 15%

to find out

Karas Corporation's taxable income for the current year

solution

we know here that Karas Corporation qualifies report that dividends received deduction = 50 % of dividends from the taxable unaffiliated domestic corporation

so we here assumed that if paying corporation is unaffiliated

then receiving corporation owns less than = 20 %

so book net income before federal income tax = $400,000

and Dividends received deduction = 0.50 × $100,000 = $50,000

Taxable income will be = book net income before federal income tax - Dividends received deduction .................1

put here value

Taxable income = $400,000 - $50000

Taxable income = $350,000

so correct option is c. $350,000

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3 years ago

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slega [8]

Answer:

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Aleonysh [2.5K]

Jessica Cervantes is a renowned entrepreneur and business women who advises the new entrepreneurs who are just starting to enter this zone.

<h3>Advice of Jessica Cervantes</h3>

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She also advised to use all the resources and to reach out to the other entrepreneurs seeking help and advice.

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3 years ago

List and briefly define the 4 components of a nation’s demand for goods and services

Lynna [10]

Answer:

C , I , G , NX

Explanation:

The components of nation's demand for goods & services is reflected in Aggregate Demand . AD is the total value of goods & services all the consumers are planning to buy during a period.

AD denotes consumption components by 4 sectors of an Economy : Households, Firms, Government , Rest of World .

All 4 sectors form components of AD = Consumption Expenditure, Investment, Government Expenditure, Net Exports (Exports - Imports) by the 4 above sectors respectively.

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3 years ago