Which of the Following Statements About Standardized Form Contracts Is

question 68

Multiple Choice

Which of the following statements about standardized form contracts is false?

• A)Frequently,the terms of standardized contracts are negotiable.
• B)They are used both online and offline.
• C)They are contracts that are preprinted by one party and presented to the other party for signing.
• D)In most situations,the party who drafts and presents the standardized contract is the party who has the most bargaining power in the transaction.

---

Definitions:

Commodity

A fundamental product utilized in trade that can be exchanged with other products of similar kind.

Maximise

To increase something to its greatest possible amount or degree.

Input

Resources such as labor, materials, and energy that are used in the production process of goods or services.

Production Function

A mathematical representation that describes the relationship between inputs used in production and the resulting output.