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Which of the Following Is Used as a Defense When

question 27

Multiple Choice

Which of the following is used as a defense when a contract contains markedly unfair terms against the party with less bargaining power or sophistication than the party who created the terms and induced the other party to sign it?


Definitions:

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and often higher prices.

Collusive Control

Practices whereby firms in the same industry conspire to control market competition, often through price fixing, market allocations, or production quotas, in violation of antitrust laws.

Collusive Control

A situation where firms in a market agree to set prices or output levels to maximize their collective profits, often at the expense of fair competition.

Oligopolists

Firms that are part of an oligopoly, a market structure dominated by a small number of large companies, leading to limited competition.

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