Which of the Following Statements Regarding Boilerplate Clauses Is Most

question 8

Multiple Choice

Which of the following statements regarding boilerplate clauses is most likely to be TRUE?

• A)The phrase "boilerplate clause" refers to the very strong and durable sheets of metal that were used to print newspapers in the first half of the twentieth century.
• B)A force majeure clause is used to indicate which of the two parties is the "major power" in the contract and therefore responsible for drafting the written agreement.
• C)The phrase "boilerplate clause" refers to the case in which the courts first approved of such contractual terms: Boilerplate Union 505 (New York) v T Malloy Inc.
• D)An "entire agreement clause" indicates that a contract contains only one promise by each of the parties.
• E)The phrase "boilerplate clause" refers to the fact that water constantly changes its shape when it is heated over a hot plate.

Explore the concept of insurable interests in goods, including buyers' and sellers' rights.

Understand the conditions under which a symbol, sound, or process qualifies as an electronic signature.

Analyze risk of loss scenarios in various contract contexts.

Understand the importance of utilizing school resources and services for academic and personal support.

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Definitions:

Charitable Pledge

A commitment to donate a specific sum of money to a charitable organization, often payable over a certain period.

Past Consideration

A term used in contract law that refers to an act or benefit given in the past, which cannot be used as consideration for a current contract.

Promissory Estoppel

A legal principle that prevents a promisor from withdrawing a promise that a promisee has relied upon.

Reciprocal Treatment

A principle where two parties provide the same advantages or conditions to each other.