A Cell Phone Service Allows Unlimited Text Messaging Between Its

question 62

Multiple Choice

A cell phone service allows unlimited text messaging between its customers and any 10 persons of the customer's choice, but it charges a flat fee per 100 messages between its customers and others beyond the 10 initial persons. What type of network is this?

• A) physical
• B) virtual
• C) social
• D) auxiliary

Understand the concept of unconscionability and its types (procedural and substantive) in contract law.

Recognize the legal implications of exculpatory clauses in contracts.

Understand the concept of adhesion contracts and their potential for unconscionability.

Analyze conditions under which courts may refuse to enforce parts or entire unconscionable agreements.

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Definitions:

Trust Corpus

The principal amount or assets held in trust, as differentiated from the income generated by those assets.

Consideration

Something of value exchanged by parties in a contract that induces them to enter into the agreement.

Trustee

A legal entity or person appointed to manage and administer property or assets for the benefit of a third party.

Testamentary Trust

A trust that is created according to the instructions in a will, coming into effect upon the death of the person who created the will.