A Contract Between Recreational Games & Rides,Inc

question 35

Multiple Choice

A contract between Recreational Games & Rides,Inc.,and Summer Fair Corporation includes a provision excluding liability as a result of fraud.This provision is

• A)enforceable because the parties are protected from liability.
• B)enforceable because the parties consented to it.
• C)enforceable if the parties have equal bargaining power.
• D)not enforceable.

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Definitions:

Informational Social Influence

The process where individuals change their opinions or behavior in response to accessing new information or knowledge from others.

Group Standard

The norms and expectations that are established and shared by a group, guiding the behavior and attitudes of its members.

Social Approval

The favorable acknowledgment, approval, or support from people within a social setting.

Social Norms

Shared guidelines or rules that dictate expected behaviors within a society or group.