Examlex
Which of the following concepts refers to a political system in which power resides in the hands of the people as a whole?
Adhesion Contract
A standardized contract drafted by one party (usually a business) with stronger bargaining power and presented on a "take it or leave it" basis to the other party.
Take-It-Or-Leave-It
A term describing an offer that cannot be negotiated and must either be accepted as is or rejected.
Usurious Loan
A loan given with illegally high-interest rates.
Legal Effect
The legal consequence or outcome that arises from the execution of a law, contract, agreement, or judicial decision.
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