Answers

AC

Answered

Which of the following is true regarding unconscionability under the Code?

A) It is defined in Article 2 as "extortionately harsh, showing no regard for conscience."
B) The Code denies or limits enforcement of an unconscionable contract for the sale of goods.
C) Unconscionability may be substantive, but it cannot be procedural.
D) Unconscionability of a contract for the sale of goods makes the contract void.

On May 29, 2024


B
AC

Answered

The purpose of establishing the Federal Reserve System was to

A) provide a lender of last resort.
B) regulate commercial banking.
C) provide for a more elastic currency.
D) increase confidence in the nation's banks.
E) All of the choices are correct.

On May 28, 2024


E