What must be established for a court to rule a contract is unconscionable?
A) unequal bargaining power
B) the contract was grossly unfair
C) one party was significantly weaker due to inabilities or distress
D) the transaction was hasty and careless
E) all of the above
E
Business
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In the milk power scandal in China in 2008, milk farmers were found to add melamine into milk purchased by milk product producers such as Mengniu. This case illustrates that ________ increases transaction costs for milk product producers.
A. asset specificity B. partner opportunism C. small numberness D. frequency of transaction
Business
Promotional mixes do not vary from one product or industry to the next
Indicate whether the statement is true or false a. True b. False
Business