Answer:
C) Illusory
Explanation:
More than an illusory contract (which means an unreasonable and non-enforceable contract), this is an unconscionable contract that no court would enforce.
This contract is so one sided that it damages the other party. The duties in clued in this contact are not enforceable because no person should be forced to do all those things just because the other party has more bargaining power.
Out of the 5 possible options the illusory contract is the only possible choice. Illusory contracts are also non-enforceable since only one side provides real consideration.
Answer:
C) Asking the consumer to write his or her own letter to exercise that opt out right
Explanation:
The whole purpose behind the Gramm-Leach-Bliley Act (GLBA)was to allow customers the right to easily opt out of information sharing by the banks. That means that the banks are required to provide an easy way for a customer to do so, and writing your own letter might be easy for some people, but very difficult for others.
It is much easier to do it by phone, or by simply mailing back a detachable form. If the client knows how to use internet and emails properly, then the bank must provide an easy option to opt out through an email or an option that can be found in the bank's website.
The answer you are looking for is the fractional reserve system,, search that it will help you answer watch you are looking for.. The bank's debts, if you will, are allowed to be their assets, which in turn allows the bank to lend money that is basically not there...
The best example of a law is D
Answer: €100,000
Explanation:
- Cash received is an asset
- The money borrowed is also cash so assets increase
- Equipment was exchanged for cash. Both of them are assets so there is NO EFFECT on assets here.
- Inventory purchased on account will increase assets because assets were acquired with liabilities in this instance.
- Prepayments are assets but because this was paid with cash, there is NO EFFECT on assets as they cancel each other out.
Total assets at the end of the week are:
= Cash + Cash borrowed + Inventory purchased on account
= 50,000 + 30,000 + 20,000
= €100,000
