Even When a Contract Is Written Expressly to Protect Against

question 72

Short Answer

Even when a contract is written expressly to protect against supplier negligence, courts may ____________________ such terms as unreasonable.

---

Definitions:

Marginal Cost

The expense associated with manufacturing an additional unit of a product or service.

Perfectly Competitive Firm

A business operating in a market where it has no power to influence the price of its product; it is a price taker.

Marginal Cost

The financial outlay for producing a further unit of a product or service.

Perfectly Competitive Firm

A business that operates in a market where there are many buyers and sellers, each selling identical products, and no single buyer or seller can influence market prices.