Banks make a profit by c. charging interest
Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".
<h3>What is
procedural unconscionability?</h3>
Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable
Examples of Procedural Unconscionability is-
- influencing an underprivileged party who would not have otherwise signed the contract to do so.
- minimising important clauses in contracts for the sake of the underdog.
- If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.
Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.
To know more about elements required in contract-making, here
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Answer:
Special clothing and uniform involves only the clothes that are required by work specifics. General clothing such as jeans or work shirt does not belong to this category. Also, the laundry for general clothing is also not covered.
Calculations :
Cooper's uniforms during the year = $410
Cooper's laundry expenses for the uniforms = $82 + $62 for altering = $144
Brandy's safety glasses and safety shows when working = $80
Therefore, the total deduction is
= $410 + $144 + $80
= $634
Answer:
An externality exists if a financial transaction affects the benefit to third parties. Externalities can be both positive and negative, depending if these affect the benefit to third parties on a positive or negative way.
An example of a negative external effect is air pollution; a factory owner may lack the incentive to limit air pollutant emissions because the damage mainly affects someone else, that is, it doesn't affect his property, but someone else's property or common property (such as the case of the environment).
Therefore, if there were more specific regulations regarding property and the effects of the misuse of this right, contamination could be avoided.
Answer:
A. $1.0 million
Explanation:
total shares outstanding immediately after you sold stocks to the angel investors = 2 million (your own) + 1 million (angel investors) = 3 million
the angel investors paid $500,000 for 1 million stocks, that means that your 2 million shares are worth twice as much = $500,000 x 2 = $1,000,000
the company's total value = $1,000,000 + $500,000 = $1,500,000
