Standard Form Contracts Are Used to Ensure That Contract Terms

question 19

True/False

Standard form contracts are used to ensure that contract terms are fair to both parties.

---

Definitions:

Individualistic Stage

A phase in human development characterized by an emphasis on personal achievements and independence, often contrasted with collectivist values.

Social Exchange Theory

A psychological and sociological theory suggesting that human interactions are based on the exchange of resources, with the aim of maximizing benefits and minimizing costs.

Intrapersonal Theory

Refers to the study of the individual's mind, emotions, and self-concept, focusing on internal processes and personal development.

Homeostatic Theory

A concept that organisms strive to maintain internal stability, such as temperature or hydration levels, despite external changes.