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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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Norr and Caylor established a partnership on January 1, 2010. Norr invested cash of $100,000 and Caylor invested $30,000 in cash
solmaris [256]

Answer and Explanation:

a. The net income allocated to each partner is shown below:-

                                      Norr               Caylor                Total

Interest                         $12,000         $9,600               $21,600

Compensation             $10,000         $14,000              $24,000

Subtotals                      $22,000        $23,600             $45,600

Allocation of reminder $14,640         $9,760                $24,400

Totals                             $36,640       $33,360             $70,000

b. The balance in both capital accounts is shown below:-

                                                  Norr               Caylor

Beginning capital balances    $100,000       $80,000

Share of income                       $36,640       $33,360

Withdrawals                              ($12,000)      ($12,000)

Ending capital balances         $124,640      $101,360

6 0
3 years ago
Capitalization of interest is adding accrued
Anon25 [30]

It is true that capitalization of interest is adding accrued interest to the principal balance,  so that the interest-bearing principal balance of the loan increases.

<h3>What is interest capitalization?</h3>

This is when an unpaid interest is rolled over with the principal amount, which increase the overall amount to be paid. It is the inclusion of an unpaid interest to the principal balance of the loan taken.

Hence, Capitalization of interest is adding accrued interest to the principal balance,  so that the interest-bearing principal balance of the loan increases.

Learn more about interest capitalization here: brainly.com/question/417585

#SPJ1

6 0
2 years ago
Geek Squad was developed to help customers ensure their technology would be set up correctly at home. Assuming consumers are hap
Kisachek [45]

Answer: E. incomplete satisfaction

Explanation: from the question above, Geek Squad was developed to help customers ensure their technology would be set up correctly at home and customers that purchase products from best buy and are satisfied with what they have bought but on getting home to install the product encounter some issues.

Greek Squared is then called upon to solve the problem of incomplete satisfaction as their services is needed to completed best buy's customer satisfaction.

8 0
3 years ago
Read 2 more answers
A man of seemingly modest means died, leaving his nephew as his sole heir. Among the items inherited by the nephew were some old
nignag [31]

Answer:

The response to these questions can be defined as follows:

Explanation:

In the given scenario, the buyer was requested that perhaps the nephew give him the paintings and threatened to sue if they did not. Because the nephew said to the buyer that uncle possibly has painted the nephew's painting are used to give them the best basis to cancel the agreement with both the buyer.

5 0
3 years ago
The term _____ refers to a private piece of a company's Internet network that is made available to customers and/or vendor partn
Morgarella [4.7K]

Answer:

intranet

Explanation:

The term that is being described in this question is known as the company's intranet. This network is mainly used in order for the company's public tools and information to be accessed by anyone that may need it and has been giving access to it. This facilitates many different aspects and partnerships for the company, as those who have access can quickly and easily grab and use what they need off of the network to easily get things done and solve problems without needing direct involvement from the company.

3 0
3 years ago
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