Ask Question
BusinessBusiness
14 April, 13:35

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

+2
Answers (1)
  1. 14 April, 17:00
    0
    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 inequalities between the parties in respect of age, intelligence, and relative bargaining power.

    Furthermore, procedural unconscionability projects an indication that both parties did not freely consent to all terms proposed.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subject to a late ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
At the end of 2014, Stacky Corp. had $500,000 in liabilities and a debt-to-assets ratio of 0.5. For 2014 Stacky had an asset turnover of 3.0. What were annual sales for Stacky in 2014? A. $333,333 B. $1,200,000 C. $1,800,000 D. $3,000,000 E.
Answers (1)
Refer to Exhibit 8.3 and determine which of the following terms matches this definition: the risk that the auditor will conclude that the state of internal controls is effective when internal controls are actually not effective. a.
Answers (1)
Which of the following is not a benefit of budgeting? The budgeting process enables managers to uncover bottlenecks as they occur. Budgets communicate management's plans throughout the organization.
Answers (1)
Candy purchases a new guitar costing $5,500. She put down 15% and finance the rest for 3 years through the store. The store will charge her 10% per year compounded quarterly. Identify the type of problem.
Answers (1)
A company is in its first month of operations. Supplies worth $4,000 were purchased on January 5. At the end of the month supplies worth $3,000 were in hand. What adjusting entry would be made at the end of January?
Answers (1)
New Questions in Business
Two goods are substitutes when a decrease in the price of one good a. decreases the demand for the other good. b. decreases the quantity demanded of the other good. c. increases the demand for the other good. d.
Answers (1)
How does supply and demand affect prices?
Answers (2)
In accordance with International Financial Reporting Standards (IFRS), which translation combination would be appropriate for a foreign operation whose functional currency is the currency of the host country (foreign currency) ? a.
Answers (1)
Marcia believes that people have an internal set of conditions that are largely responsible for determining their actions in life. Marcia would probably be most affiliated with which school of psychological thought
Answers (1)
Briefly discuss the importance of the project charter, and compare the roles played by the project sponsor and the project manager with respect to the preparation of this document.
Answers (1)
Home » Business » At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subject to a late fee of 15 percent. Nate finds the language of the contract difficult to understand. This is most likely a.
Sign Up Forgot Password?