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A[n] ______ Contract Is a Contract Created by a Party

question 5

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A[n] ______ contract is a contract created by a party to an agreement that is presented to the other party on a take-it-or-leave-it basis.


Definitions:

Chessboard

A game board of 64 squares, arranged in an 8×8 grid, used for playing chess.

Recall

The mental process of retrieving information from memory without the aid of cues, often tested as a memory function.

Randomly

Without method or conscious decision, in a way that seems unpredictable or without pattern.

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in a positive or negative way.

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