A Contract Presented to the Offeree to Take or Leave

question 14

Multiple Choice

A contract presented to the offeree to take or leave without bargaining is known as a(n) _____.

• A) contract of adhesion
• B) aleatory contract
• C) personal contract
• D) conditional contract
• E) unilateral contract

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Definitions:

Living Will

A document that allows a person to control the methods of medical treatment that may be used after a serious accident or illness.

Long-term Improvements

Enhancements or upgrades to property or assets that are expected to provide benefits over a period exceeding one year.

Principal's Beneficiary

An individual or entity that stands to benefit from the actions or decisions of a principal, especially in legal or financial contexts.

Durable Power

A legal document that grants someone authority to act on another's behalf in legal matters, which continues to be effective even if the grantor becomes incapacitated.