Which of the Following Statements Is True About Adhesion Contracts

question 45

Multiple Choice

Which of the following statements is true about adhesion contracts?

• A) They are a common type of unconscionability.
• B) They exclude any standard form contracts.
• C) They are generally unenforceable in a court of law.
• D) They provide substantial opportunity for revision for all parties involved in a contract.
• E) They are usually drafted by multiple parties in a contract.

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Definitions:

Experience Curve

A concept suggesting that the more experience a company gains in producing a product or service, the lower the costs associated with it due to efficiencies.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth, maturity, and eventual decline.

Marketing Mix

A framework consisting of the 4Ps: Product, Price, Place, and Promotion, used by businesses to market their products effectively.

Industry

Refers to a group of companies producing similar products or services that are in competition with each other.