EssentialsOFBusLaw_chapter12

Question 1

Adhesion contracts

Answer 1

Standard form contracts prepared by one party and presented to the other on a “take it or leave it” basis.

Question 2

Bailee

Answer 2

A person who rightfully possesses goods belonging to another.

Question 3

Bailment

Answer 3

Giving possession and control of personal property to another person.

Question 4

Bailor

Answer 4

One who creates a bailment by delivering goods to another.

Question 5

Exculpatory clause

Answer 5

A contract provision that attempts to release one party from liability in the event the other is injured.

Question 6

Oppression

Answer 6

One party uses its superior power to force a contract on the weaker party.