Asked by fabienne brutus on Sep 30, 2024
Which of the following statements about standardized form contracts is false?
A) Frequently,the terms of standardized contracts are negotiable.
B) They are used both online and offline.
C) They are contracts that are preprinted by one party and presented to the other party for signing.
D) In most situations,the party who drafts and presents the standardized contract is the party who has the most bargaining power in the transaction.
Standardized Form Contracts
Pre-prepared legal agreements that are not tailored to individual negotiations but used universally across many transactions.
Negotiable
Capable of being transferred from one party to another as a form of payment or as fulfilment of a contract.
- Understand the flexibility and features of standardized agreements.
Learning Objectives
- Understand the flexibility and features of standardized agreements.
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