Credit card companies are unconscionable contracts

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Reference no: EM132108137

TRUE/FALSE

1. In Washington, whether an employee's covenant not to compete (an agreement signed with a current employer to prohibit the employee from leaving and working with a competing future employer) is enforceable will generally depend upon whether restrictions as to duration, geographic area, and scope of activity are reasonable, and whether the covenant, as drafted, reasonably protects the business interests of the current employer.

2. The general rule (which means there can be exceptions) about assignability of contract rights is that contract rights are not assignable.

3. All contracts with credit card companies are "unconscionable” contracts.

4. Under legal principles commonly referred to as "the mailbox rule," an acceptance of a contract offer will be valid as soon as it is sent (even if not sent by United States mail, or dropped in a mailbox), because it is no longer under an offeree's control.

Reference no: EM132108137

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