A contract of adhesion:
a. is automatically unenforceable.
b. consists largely of boilerplate provisions, such as a standard-form insurance policy.
c. is a contract that exhibits either procedural or substantive unconscionability.
d. is a contract containing multiple exculpatory clauses.
b
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Examples of the kinds of uncontrollable forces listed in the text are each of the following except
A. technological. B. economic. C. sociocultural. D. labor. E. marketing.
The universal functions of marketing
A. are performed by the same parties in all economies. B. must be performed in all macro-marketing systems. C. are needed to help foster various separations and discrepancies. D. are performed the same way in all economies.
Mortimer negotiates an instrument to Nelson. Negotiation is the transfer of an instrument A) for valuable consideration under a contract
B) in such form that the transferee becomes a holder. C) pursuant to preliminary contract discussions. D) without the payment of a recognized medium of exchange.
When running a part-time business, there are two key groups outside your business with whom you must deal - customers and ________.
A. financial institutions B. government C. investors D. suppliers