A(n)__________ contract occurs when one party is induced to enter a contract on a "take it or leave it" basis.
A) adhesion
B) merchants
C) output
D) requirement

Question

Quizplus · Accepted Answer

An adhesion contract is a standard form contract where one party has all of the bargaining power and presents the terms to the other party on a "take it or leave it" basis. This type of contract is often found in consumer contracts, such as agreements for cell phone services or credit cards. The other choices (B, C, and D) are specific types of contracts that do not apply to the scenario described.

A(n)__________ Contract Occurs When One Party Is Induced to Enter