The BEST Way for a Company to Manage the Risk

question 52

Multiple Choice

The BEST way for a company to manage the risk associated with standard form agreements is to

• A)frequently redesign the standard form agreement to ensure that customers must read through the form each time they sign it.
• B)teach employees the meaning of onerous and ambiguous contract terms.
• C)require customers to clearly indicate their specific agreement to be bound by any onerous or unusual terms.
• D)conceal ambiguous language at the end of the agreement to avoid customer confusion.
• E)draft the form in a manner which is ambiguous to your customers but could be literally interpreted in your favour by a clever lawyer.

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Definitions:

Shoplifted

The act of stealing goods from a retail establishment without paying for them.

Illicit Gambling

Refers to unauthorized or illegal forms of gambling that are not permitted under law.

Loan Sharking

The practice of lending money at excessively high rates of interest, often with the threat of violence for non-repayment.

Property Crime

Crimes that involve the theft or destruction of someone else's property, including burglary, larceny, auto theft, and arson.