A Contract in Which the Stronger Party Dictates the Terms

question 47

True/False

A contract in which the stronger party dictates the terms is an adhesion contract.

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Definitions:

Self-actualization Needs

The highest level in Maslow's hierarchy of needs, representing the realization of one's potential, self-fulfillment, seeking personal growth and peak experiences.

Physiological Needs

Basic human requirements such as food, water, and shelter that must be met to ensure survival.

Social Needs

Human desires for belonging, affection, acceptance, and friendship, which are significant in driving consumer behavior.

Safety Needs

The requirement for physical security, stability, and freedom from fear, as part of Maslow's hierarchy of needs.