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satela [25.4K]
1 year ago
11

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.

Read more on contracts here:

brainly.com/question/5746834

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A __________ bond gives the bondholder the right to cash in the bond before maturity at a specific price after a specific date.
nevsk [136]

Answer: C. puttable

Explanation:

A puttable bond is known as a type of bond which permits the holder to use the element of force on the issuer to repay the bond at an agreed price during a specified period of time before its maturity date. In other word, it guarantees the holder the right to get early refund before the bond matures and it is of great benefit to investors because it guard them against high interest rate. Thus, it is also known as a put bond.

6 0
3 years ago
_____ is the marketing of goods and services to commercial enterprises, governments, and other profit and not-for-profit organiz
tiny-mole [99]

Answer:

The answer is Business Marketing.

Explanation:

Business Marketing is practiced by individuals and organizations alike. Business marketing is also known as Industrial marketing or Business-to-business (B2B) marketing.

This marketing involves commercial businesses, governments and institutions. In this practice, organization A sell their goods and services to other organization B rather than to the public, and organization B will in turn resell the goods and services.

Organization B can also use the goods and services to enhance their products as well.

This marketing method is a sure way to promote businesses, thereby improving profit.

An example of Business Marketing can be seen in the automobile industry where products from other businesses are used to make a car.

Another example can be seen when an office purchases supplies like coffee and stationery from another business.  

5 0
4 years ago
Read 2 more answers
A company billed a client for services performed on January 10. The customer paid one-half of the amount owed on January 20 and
snow_tiger [21]

Answer:

January 10

Explanation:

According to the revenue recognition principle of accrual accounting, revenue must be recognized when the earning process is completed. In this case, the earning process was completed on January 10 when the services were performed. The related cash inflows are not relevant at the time of considering service revenue.  

the journal entries should be:

January 10, 202x

Dr Accounts receivable XY

    Cr Service revenue XY

January 20, 202x

Dr Cash 0.5XY

    Cr Accounts receivable 0.5XY

February 24, 202x

Dr Cash 0.5XY

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7 0
3 years ago
An attractive industry is one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, l
lord [1]

Answer:

False.

Explanation:

An attractive industry are not one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, low threats from substitute products, and low rivalry among firms.

An industry is defined by a group of firm that produce good and service, which are close subtitute and bargaining power of supplier are not considered as entry barrier to a firm in the open market. Industry with high fixed cost can pose high degree of rivalry among firm.

5 0
4 years ago
Sales mix is: a. important to sales managers but not to accountants. b. easier to analyze on absorption costing income statement
swat32

Answer:

D) a measure of the relative percentage in which a company's products are sold.

Explanation:

The sales mix of a company refers to the percentage or proportion in which their products are sold. For example, a company that sells 2 products A and B, its sales mix could be 45% of product A and 55% of product B. It basically measures the importance or relative weight of each product compared to the total sales of the company. Sales mix is usually measured in dollars, not units sold.

3 0
3 years ago
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