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.
Learning Objectives
- Explain the role and importance of standardized contracts in modern commerce.
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