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sergeinik [125]
3 years ago
13

At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec

t to a late fee of 15 percent. Nate finds the language of the contract difficult to understand. This is most likely a. an exculpatory contract. b. substantive unconscionability. c. an enforceable contract. d. procedural unconscionability.
Business
1 answer:
earnstyle [38]3 years ago
7 0

Answer:

procedural unconscionability

Explanation:

Since Nate is finding the language of the contract difficult to understand. This is most likely a case of procedural unconscionability.

In contract law, procedural unconscionability refers to a situation where the unconscionability results from <u>inequalities between the parties in respect of age, intelligence,</u> and relative bargaining power.

Furthermore, procedural unconscionability projects an indication that both parties did not freely consent to all terms proposed.

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Oriole Company sells three different categories of tools (small, medium and large). The cost and market value of its inventory o
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Answer:

$440,140

Explanation:

According to the accounting principle, the inventory should be valued at lower of cost or market value. The calculation is shown below:

                      Cost                   Market             Lower value

Small             $68,650           $56,490              $56,490

Medium        $283,710          $237,140              $237,140

Large            $146,510          $177,300               $146,510

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Hence, the ending inventory would be valued at $440,140

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Answer:

D.

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If Stephanie knows that the interest rates are dropping and are expected to continue to do so, she may feel that the ARM is her best option. However, interest rates that go down will always come back up, and most likely surpass the previous high rate. If said rate increases to an amount out of her budget, the adjustable-rate mortgage would be the less attractive method.

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