Asked by David Plata on Jun 03, 2024
Verified
A contract of______ is a contract drafted by the dominant party and then presented to the other party on a "take-it-or-leave-it" basis.
A) undue influence
B) adhesion
C) fraudulent misrepresentation
D) mutual mistake
Contract of Adhesion
A standard-form contract prepared by one party to be signed by another party in a position of weaker bargaining power, often not negotiable.
Fraudulent Misrepresentation
The act of intentionally providing false information with the aim of deceiving another party, often to induce them into a contract.
Mutual Mistake
A misunderstanding shared by both parties involved in a contract, leading to a misalignment in agreement terms.
- Familiarize oneself with the ideas and impacts of duress and undue influence regarding the execution and voiding of contracts.
Verified Answer
CD
Christopher de WetJun 09, 2024
Final Answer :
B
Explanation :
A contract of adhesion is one that is drafted by the dominant party and then presented to the other party on a "take-it-or-leave-it" basis, often with no opportunity for negotiation.
Learning Objectives
- Familiarize oneself with the ideas and impacts of duress and undue influence regarding the execution and voiding of contracts.