Chapter 12-Vocab Flashcards
(8 cards)
0
Q
Bailment
A
Giving possession and control of personal property to another person
1
Q
Exculpatory clause
A
A contract provision that attempts to release one party from liability in the event the other is injured
2
Q
Bailor
A
One who creates a Bailment by delivering goods to another
3
Q
Bailee
A
A person who rightfully possesses goods belonging to another
4
Q
Unconscionable contract
A
A contract that a court refuses to enforce because of fundamental unfairness
5
Q
Oppression
A
One party uses its superior power to force a contract on the weaker party
6
Q
Surprise
A
The weaker party did not fully understand the consequences of its agreement
7
Q
Adhesion contracts
A
Standard form contracts prepared by one party and presented to the other on a “take it or leave it” basis
