Two Merchants Exchange Contract Forms with Each Containing Additional Terms

question 89

Essay

Two merchants exchange contract forms with each containing additional terms favorable to the drafter.Can the additional terms be accepted as part of the contract? Are there any exceptions to accepting the additional terms?

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing in a year or less, representing a secure, low-risk investment option.

Credit Card

A Credit Card is a payment card issued by financial institutions that allows cardholders to borrow funds within a pre-approved limit for purchases or cash advances.

Price Stability

A situation in which prices in the economy do not change significantly over time, avoiding inflation and deflation.

Largest Banks

Refers to the major banking institutions that have the most significant market share, assets, and customer base in the financial industry.