Mike owns a house in a poor area of a large city. mike is on disability and his total monthly income is $700. a sales representative visits his home, selling a water purification system. mike signs a contract that calls for monthly payments of $500 for the next 10 years. the water system is worth no more than $1000. mike thought he was signing a permission slip allowing the salesman to conduct a free water test to determine the toxins in the water. how would a court most likely describe this contract? a. the contract is fully enforceable as written. b. the contract is enforceable, but only up to the value of the water system. c. the contract is unenforceable because it is exculpatory. d. the contract is unenforceable because it is unconscionable.

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He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31