A Shrink-Wrap Agreement May Not Be Enforced If Its Terms

question 80

True/False

A shrink-wrap agreement may not be enforced if its terms are objec?tionable on grounds that apply to contracts in general.

---

Definitions:

Per Unit Price

The cost associated with a single unit of a product, illustrating the price at which one unit of the product can be purchased.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied to a change in one of its determinants.

Linear Demand Curve

A graphical representation showing a straight-line relationship between the price of a good and the quantity demanded.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.