Business, 14.03.2020 04:20, kodakcam02

Every large city has a poor area. Lucero owns a house in on such area in Chicago. A salesman visits his home, selling storm windows. Lucero buys and signs a contract, which calls for a price of $25,000 to be paid in monthly installments of $500 for 20 years. Lucero only earns $1,000 per month. In addition, his home is only worth about $40,000. The windows are worth no more than $8,500. Lucero speaks and reads very little English and he truly believed he was signing a receipt for a free gift. Which of the following best describes this contract?

A. The contract is fully enforceable as written.

B. The contract is unenforceable because it is illusory.

C. The contract is unenforceable because it is unconscionable.

D. The contract is unenforceable because it is exculpatory

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:30, qiuedhg

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

Answers: 2

continue

Business, 21.06.2019 20:00, krutikov686

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Answers: 1

continue

Business, 22.06.2019 12:00, kaylallangari549

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Answers: 2

continue

Business, 22.06.2019 18:10, maddihamidou

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

Answers: 1

continue

Do you know the correct answer?

Every large city has a poor area. Lucero owns a house in on such area in Chicago. A salesman visits...