Which of the Following Statements Is FALSE? Standard Form Contracts

question 9

Multiple Choice

Which of the following statements is FALSE? Standard form contracts

• A)are necessary for the business world to function
• B)are usually only used if the contract is between two companies
• C)often include a disclaimer clause
• D)are usually written to favour the party that wrote the contract
• E)often result in one party signing it without reading all the terms

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Definitions:

Heuristic Processing

A method of problem-solving, learning, or discovery that employs a practical approach based on experience, immediate context, or a rule of thumb rather than explicit criteria.

Desired Outcomes

The specific results or consequences that an individual or group aims to achieve through their actions or decisions.

Representativeness Heuristic

A mental shortcut that involves judging the probability or frequency of an event by how much the event resembles the typical case.

Statistical Reasoning

The process of using statistical techniques and methods to analyze data and make conclusions based on data analysis.