Unconscionable contracts or clauses

Assignment Help Business Economics

Reference no: EM131238791

Unconscionable Contracts or Clauses. Geographic Expeditions, Inc. (GeoEx) , which guided climbs up mount Kilimanjaro, required climbers to sign a release to participate in a expedition. The form mandated the arbitration of any dispute in San Francisco and limited damages to the cost of the trip. GeoEx told climbers that the terms were nonnegotiable and were the same as terms imposed by other travel firms. Jason Lhotka died on a GeoEx climb. His mother filed a suit against GeoEx. GeoEx sought arbitration. Was the arbitration clause unconscionable? Why or why not? explain in 50 words or more.

Reference no: EM131238791

Questions Cloud

Receive a price higher than the equilibrium price : In perfect competition, according to theory, all suppliers or consumers are price takers. In practice firms like Purdue farms or jimmy dean bring a higher price than other brands. why doesn't economic theory apply to these organizaton? How are these ..

What is promoted as cost-cutting move designed : Suppose, in what is promoted as a cost-cutting move designed to save hundreds of billions of dollars in overhead, that Canada and the United States merge. (Some believe that the Canadians already have so infiltrated the United States that this is mer..

Subsidy policy could help reduce the ineciency in market : Suppose the production of a good X damages the environment (i.e. there is a negative externality). Using a diagram, show the dollar amount of ineciency generated by the free market. Briefly explain how a corrective tax or subsidy policy could help re..

Buildings drinking water and fire-suppression systems : Fraudulent Misrepresentation. Charter One bank owned a fifteen-story commercial building. A fire inspector identified a number of defects in the building's drinking water and fire-suppression systems. Without disclosing this information, Charter sold..

Unconscionable contracts or clauses : Unconscionable Contracts or Clauses. Geographic Expeditions, Inc. (GeoEx) , which guided climbs up mount Kilimanjaro, required climbers to sign a release to participate in a expedition. The form mandated the arbitration of any dispute in San Francisc..

Standard time for manual material-handling work cycle : The standard time for a manual material-handling work cycle is 3.26 min per piece. The PFD allowance factor used to set the standard was 16%. During a particular 8-hour shift of interest, it is known that the worker lost a total of 32 min due to pers..

Businesses will generally plan more investment projects : Explain whether you agree or disagree with the following statement: “All else equal, businesses will generally plan more investment projects when interest rates rise, because higher investment rates mean businesses will earn more on those investments..

Fictional organization with at least three managerial issue : Create a fictional organization with at least three managerial issues, with resolution on all three issues.

The return of their deposit and rescission of the contract : Rescission. Farrokh and Scheherezade sharabianlou agreed to buy a building owned by Berenstein Associates for $2 million. They deposited $ 115,000 toward the purchase. Before the deal closed, an environmental assessment of the property indicated the ..

User Account

All Pages