Asked by Professional Business on Sep 30, 2024

Standardized contracts present the dangers that the party who signs the contract:

A) will not know what he is agreeing to.
B) will be defrauded.
C) will not have enough time to read the agreement as a whole.
D) will not understand he is signing a binding agreement.

Standardized Contracts

Agreements using set terms and conditions for consistent application across many transactions or participants.

  • Explain the role and importance of standardized contracts in modern commerce.