A[n] Contract Is a Contract Created by a Party to an Agreement

question 23

Multiple Choice

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.

• A)Outrageous
• B)Adhesion
• C)Unreasonable
• D)Substantively unconscionable
• E)Procedurally unreasonable

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Definitions:

Public Saving

The difference between government tax revenues and government spending. If positive, it indicates a budget surplus; if negative, a deficit.

Bonds

Bonds are fixed-income securities that represent loans made by an investor to a borrower, typically corporate or governmental, which must be repaid with interest.

Stocks

Financial instruments that signify ownership in a company and represent a claim on part of the company's assets and earnings.

Government Borrowing

The process by which governments finance their expenditure by accruing debt through issuing securities like government bonds and bills.