Contracts of Adhesion Are

question 4

Multiple Choice

Contracts of adhesion are:

• A) contracts from unequal bargains.
• B) contracts injurious to public service.
• C) contracts to influence fiduciaries.
• D) contracts in restraint of trade.

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Definitions:

Amounts

Amounts refer to the quantities or sums of money involved in financial transactions or measurements.

Net Present Value

A calculation that compares the value of money now with the value of that money in the future, accounting for inflation and returns.

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, involving the collection and processing of cheque payments at a secure location.

Collection Time

The average period a company takes to collect payments owed by its customers.