Asked by Lissette Castaneda on May 07, 2024
Verified
What actions does the Uniform Commercial Code allow a court to take if it discovers that a contract or lease provision is unconscionable?
A) The court must refer the matter to mediation.
B) The court must refer the matter to arbitration.
C) The court must refuse to enforce the entire contract or lease.
D) The court can either refuse to enforce the contract or lease,or it can enforce the parts of that are fair.
E) The court has no power to enforce the contract or lease,and it must award the innocent party punitive damages.
Unconscionable
Something shockingly unfair, unjust, or unreasonable, often applied in legal contexts to describe contracts or actions.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify such transactions across states.
Refuse to Enforce
The act of a court declining to uphold or implement a contract, agreement, or law deemed unfair, illegal, or against public policy.
- Identify the use of common law and the Uniform Commercial Code in agreements of sale, incorporating ideas of insurable interest and unconscionability.
Verified Answer
Learning Objectives
- Identify the use of common law and the Uniform Commercial Code in agreements of sale, incorporating ideas of insurable interest and unconscionability.
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