1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexeev081 [22]
3 years ago
10

Orlin purchases a refrigerator, on credit, from a door to door salesman. Orlin only has a 5th grade education, and the terms of

the credit arrangement are such that Orlin will pay 10 times what the refrigerator is worth by the time he completes all of the payments. If Orlin wants to challenge the enforcement of this contract's terms, his best argument under the UCC would be based upon:_________
a. the mirror image rule.
b. the principle of fair trade.
c. the doctrine of unconscionability.
d. the predominant-factor test.
Business
1 answer:
mote1985 [20]3 years ago
6 0

Answer: the doctrine of unconscionability

Explanation:

The doctrine of unconscionability is a defense that is against enforcing a contract. From the question, we are informed that Orlin bought a refrigerator, on credit, from a salesman and the salesman want him to pay 10 times the worth of the refrigerator.

In this scenario, the contract is deemed to be unfair and also oppressive to Orlin, thus he a find it unconscionable and therefore he can refuse to enforce it. Therefore, if he wants to challenge the contract’s terms, the doctrine of unconscionability will be used.

You might be interested in
On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
2 years ago
Baldwin has a new design for their product Bill next round that can reduce their material cost of producing units from $8.14 to
zalisa [80]

Answer:

Hie, the information you have provided is incomplete.

However important information is explained as follows :

To calculate Break - even Point use the formula;

Break even Point (units) = Total Budgeted Fixed Costs / Contribution per unit

<em>Break even Point</em> is the level of operation at which a firm neither makes a profit nor a loss.

Contribution is Calculated as :

Sales : No information                                xxxx

Less Variable Costs ( Materials + Labor) $11,49

Contribution per unit                                   xxxx

8 0
3 years ago
The time value of money reflects the fact that: a.a covenant requires the borrower to agree not to borrow any additional funds u
TEA [102]

Answer:

The answer to this question is c.it is best to have money today, so it can be put to work sooner to make even more money.

Explanation:

The time value for money is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.

It emphasis on the fact that  a dollar received today is worth more than a dollar received in the future because of some changes that may have occurred.

From the above explanation we can conclude that the answer is c.it is best to have money today, so it can be put to work sooner to make even more money.

8 0
2 years ago
Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following b
babymother [125]

Answer:

The percentage of Indiana residents with a college degree rises from 25% to 30%.

Explanation:

Human capital is one of the most important (according to some economists the most important) aspect for economic growth. If college graduates in Indiana go from 25% to 30%, it means that Indiana's human capital has improved.

With improved Human Capital, now Indiana can produce better steel and corn, or even produce other things, because its college graduates have acquire the necessary knowledge to do so. This will in turn lead to economic growth and a higher standard of living.

8 0
2 years ago
None of the houses that Frank Lloyd Wright built in the Prairie Style actually stood on the prairie, though the drawings in the
Vikentia [17]

Answer:

C. works show the buildings

Explanation:

5 0
3 years ago
Other questions:
  • Sales revenue is​ $725,700; allocated manufacturing overhead is​ $95,100; actual manufacturing overhead is​ $120,500; and cost o
    14·1 answer
  • In the short run, a decrease in the money supply causes output to? A. Increase B. Decrease C. Not change D. Increase or not chan
    6·1 answer
  • Straight cut beauty salon merges with​ clean-cut beauty salon. this is an example of
    14·1 answer
  • Riley is a 50% partner in the RF Partnership and has an outside basis of $56,000 at the end of the year prior to any distributio
    15·1 answer
  • The law firm of smith &amp; jones has a staff of 30 lawyers and administrative staff. Budgeted total costs of the firm total $4,
    5·1 answer
  • Many cutomers feel neglected once they place an order with a company because the saleperson has many new customers and is not as
    8·1 answer
  • Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans
    11·1 answer
  • Explain one opportunity cost of a private limited company deciding to award a pay increase to
    11·1 answer
  • Are good places to look to find your current expenses when building your budget.
    14·1 answer
  • Among the major channels of management communications, _____ is the predominant method of communicating
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!