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Contracts Where One Party, Being in a Position of Strength

question 326

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Contracts where one party, being in a position of strength, takes advantage of the other party, and which are held to be unenforceable, are called:


Definitions:

Expected Income

The income an individual anticipates receiving, based on current or future economic conditions.

Low Effort

The minimal exertion of physical or mental energy by an individual or group, often resulting in reduced productivity or output.

Bad Luck

An occurrence of unfavorable or adverse outcomes or circumstances, often beyond one's control.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.

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