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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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At year-end (December 31), Chan Company estimates its bad debts as 0.5% of its annual credit sales of $975,000. Chan records its
Mademuasel [1]

Answer:

Journal entries below

Explanation:

Dec 31, Bad debts expense a/c Dr $4,875

To Allowance for doubtful a/c Cr $4,875

(To record bad debt expense)

Feb 1, Allowance for doubtful a/c Dr $580

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(To record allowance for doubtful a/c)

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June 5, Cash a/c Dr $580

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(To record cash paid).

• Chen write off the receivable from balance sheet using the percentage of sales method of receivable of ($975,000 × 0.5%) = $4,875.

• Also on February 1, Chen writes off P.Park from receivable of $580 since he knew he will not pay but did pay on June 5 for $580; meaning that Chen reinstate the receivable afterwards collected cash from receivable.

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marissa [1.9K]

Answer:

disruption

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Answer:

a) He will ask the audience to stand and do a simple yoga pose.

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