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.

Question

Quizplus · Accepted Answer

Frequently,the terms of standardized contracts are nonnegotiable.Such contracts have the advantage of providing an efficient method of standardizing common transactions.On the other hand,they present the dangers that the party who signs the contract will not know what he is agreeing to and that the party who drafts and presents the contract will take advantage of her bargaining power to include terms that are oppressive or abnormal in that kind of transaction.

Standardized Contracts Present the Dangers That the Party Who Signs