In some contractual relationships, the bargaining power of one party gives him or her an unfair advantage
Question:
In some contractual relationships, the bargaining power of one party gives him or her an unfair advantage when dealing with another who might lack the economic power or the education to enter into contracts on an equal footing. What has the law done in an attempt to level the playing field in such cases?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
In an attempt to level the playing field many consum...View the full answer
Answered By
Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What are the four primary factors that play a role in determining the nature and intensity of the bargaining power of buyers?
-
What are the four primary factors that play a role in determining the nature and intensity of the bargaining power of suppliers?
-
Denise Rubenstein and Christopher Mayor agreed to form Bayshore Sunrise Corp. (BSC) in New York to rent certain premises and operate a laundromat. BSC entered into a twenty-year commercial lease with...
-
Craig's Bowling Inc. operates several bowling centres (for games and equipment sales). The following transactions occurred in November 2017. For each of the following transactions, complete the...
-
How can removal of enlarged lymph nodes for microscopic examination aid in diagnosing certain diseases?
-
For the following exercises, sketch a graph of the given function. f(x) = (x + 4) 3
-
On March 13, 2009, Juan Mendez Sr. was admitted to a nursing facility. On that day, a doctor employed by the facility determined the father lacked the capacity to give informed consent or make...
-
Accounting Changes Depreciation Robillard Inc. acquired the following assets in January of 2007. Equipment estimated service life, 5 years; salvage value , $15,000 $465,000 Building, estimated...
-
Explain the advantages of the relational model. Conduct some light research on the Web and describe how it differs from other data models. Explain some alternatives to the relational model. Please...
-
Milt Pearson, the president of Supergrip Corporation Limited (SCL), is concerned with the results achieved by SCL for the fiscal year ended May 31, 2010, and has called a meeting of the Executive...
-
Study each of the following case. Answer the questions that follow with Yes or No. Alfieri, a hunting enthusiast, frequently shot birds in his own and his neighbors backyard in violation of a city...
-
Discuss what is meant by age of majority and how it affects the legal status of minors entering into contracts.
-
Prove that the line joining the points (2, 3, 4) and (1, 2, 3) is perpendicular to the line joining the points (1, 0, 2) and (2, 3, 2).
-
Matthew and Mark form OWL Five partnership and each contribute $50,000 cash. OWL Five purchases $50,000 of stocks and $50,000 of tax-exempt bonds. There is a strong likelihood that the stocks and...
-
At which wavelength does the bioluminescent light emission from the organism's skin reach its peak intensity?
-
Big Bank Stock Trading posts on its web site the following market information regarding ABC Canadian Corporation: Open $18.09 Ask $18.50 Bid $18.00 You own 300 shares of ABC. At what price per share...
-
On November 1, 2015, Concord Industries secured a loan from a bank for $600,000 to purchase manufacturing equipment. The loan will be repaid in 10 years with payments due every month and an interest...
-
Activity 227: Introduction One of the initial decisions that firms need to make is whether their promotional strategy should have a 'push' or a 'pull' emphasis (or indeed a mix of both). Below is a...
-
Electromagnetic wave 1 has a maximum electric field of E0 = 52 V/m, and electromagnetic wave 2 has a maximum magnetic field of B0 = 1.5 T. (a) Which wave has the greater intensity? (b) Calculate the...
-
Organizations are increasing their use of personality tests to screen job applicants. What are some of the advantages and disadvantages of this approach? What can managers do to avoid some of the...
-
Trusts What are the alternatives available to a testator who is considering the creation of a testamentary trust?
-
Study each of the following case. Answer the questions that follow with Yes or No. Gruen suffered from Alzheimers disease (a form of progressive mental illness that generally occurs during old age)...
-
Study each of the following case. Answer the questions that follow with Yes or No. Popov despised lawyers and refused to have one prepare his will. Instead he went online, got information about...
-
exploration of the history of street art and its controversies of ppt/quicktime video.
-
Solve the following problems. Reduce answers to their lowest terms. Box your answers. 1 5 1.+ -= 4 12 2 2.- + 3 9 = 11 Convert improper fractions to mixed numbers. 2 11 3. + == 5 12 4 4 4. 12 7 5.35...
-
When average consumer income increased by 6%, BakeCo oven cleaner sales increased from 21,000 units to 22,500 units. Given this information,what is income elasticity for BakeCo oven cleaner ?
Study smarter with the SolutionInn App