Asked by Abagail Marie Minnick on Jul 13, 2024
Verified
All terms of contracts,even "fine-print" provisions of standard form contracts,are always part of the parties' deal and binding on them,because parties have an obligation to read their contracts and are assumed to have done so.
Fine-Print Provisions
Small, often overlooked details or conditions in agreements or contracts that may have significant legal implications.
Standard Form Contracts
Pre-prepared legal agreements used in common transactions with fixed terms that are non-negotiable.
- Master the components required for a valid offer, incorporating current intention, explicitness, and communication.
- Become familiar with the essential role of the Uniform Commercial Code (UCC) in evolving traditional contractual frameworks, especially regarding the specificity of offers and the rules for addressing incompleteness.
Verified Answer
KG
Kristofer GaliettiJul 14, 2024
Final Answer :
False
Explanation :
Modern courts recognize that people often sign agreements that they have not fully read or do not fully understand.These courts only hold offerees to the terms of which they had actual or reasonable notice.Fine-print provisions are not always legally binding but rather,whether they are legally binding depends on whether a reasonable person would normally expect the document to contain such provisions.
Learning Objectives
- Master the components required for a valid offer, incorporating current intention, explicitness, and communication.
- Become familiar with the essential role of the Uniform Commercial Code (UCC) in evolving traditional contractual frameworks, especially regarding the specificity of offers and the rules for addressing incompleteness.