BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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contract when consideration offered is grossly unfair and shocks the court
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a promise without consideration
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take it or leave it offer from the more powerful party
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when one party agrees to less than the amount due
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Detailed explanation-1: -Adhesion contracts are “take it or leave it” agreements where you must accept the contract as a whole or walk away. Adhesion contracts are meant to simplify business transactions by standardizing the agreement between the supplier and the buyer. To be enforceable, adhesion contracts cannot be unreasonably one-sided.
Detailed explanation-2: -Primary tabs. An adhesion contract, also known as a contract of adhesion, is a contract where the parties are of such disproportionate bargaining power that the party of weaker bargaining power could not have negotiated for variations in the terms of the contract.
Detailed explanation-3: -Adhesion Contract – Advantages By providing a standardized contract that lays out non-negotiable terms, adhesion contracts reduce the need for customized contracts that are specific to each consumer, which increases efficiency and saves time for both the buyer and the seller.