A contract prepared on a standard form and offering terms on a take-it-or-leave-it basis is called:
A) exculpatory.
B) a usurious contract.
C) an illegal restraint of trade.
D) an adhesion contract.

Question

Quizplus · Accepted Answer

An adhesion contract is a standard form contract that is offered on a take-it-or-leave-it basis, where one party has much stronger bargaining power than the other. These types of contracts are often used in consumer transactions, such as when purchasing a car or signing up for a cell phone plan. They can be problematic because the terms are not negotiable and may include provisions that are unfair or one-sided.

A Contract Prepared on a Standard Form and Offering Terms