A Party Who Claims That He or She Could Not

question 51

Multiple Choice

A party who claims that he or she could not understand contractual terms because of tiny,hard-to-read print on the back of an agreement and the excessive use of legalese is referring to which of the following?

• A)Substantive unconscionability
• B)Adhesion conscionability
• C)Procedural unconscionability
• D)Commercial impracticability
• E)An in pari delicto agreement

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Definitions:

Trust

A fiduciary relationship in which one party holds legal title to property for the benefit of another.

Express Authority

The power granted to an agent or entity explicitly and clearly by the principal or by law.

Actual Authority

The power granted to an agent by a principal to legally bind the principal in transactions with third parties.

Principals

The parties who are directly involved and have the major interests in a legal transaction or agreement.