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Alexeev081 [22]
4 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]4 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.

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Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

<em>Only the values added are summed, the cost of the inputs or intermediate goods are not included</em>

<em>In this question, the final value of $2200 represents the amount by which the GDP has increased in the period. This also can be verified using the value-added approach as follows</em>

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