Question: There is much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the

There is much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which they ascribe, and accordingly be more secure in knowing their contractual rights and obligations.

As such, should there be state legislation requiring clarity, including a recommendation regarding the reliance upon standardized language where appropriate ?

Do you believe, in doing so, the government by legislative activity, may be overstepping its bounds and even considered to be interfering in the freedom of contract ?

Your responses, thoughts and suggestions are invited.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

business law: There has been much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which...

There is much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which they ascribe, and...

Business Law: There has been much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which...

There is much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which they ascribe, and...

BUS LAW There has been much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which they...

Business Law: There is much talk about simplifying the language that goes into contracts that would better enable consumers to understand the terms and conditions of the agreements to which they...

There has been much talk about simplifying the languagethat goes into contracts thatwould better enable consumers to understand the terms and conditions of the agreements to which they...

Communications of the Association for Information Systems Volume 15 Article 5 1-26-2005 Outrigger Hotels and Resorts: A Case Study Gabriele Piccoli Cornell University, gp45@cornell.edu Follow this...

The Coca-Cola Company Executive Summary Coca-Cola has been the staple in the soft drink market since John Pemberton founded the company in Atlanta, Georgia, 1866. With 1.8 billion Coke bottles...

Evaluate the potential gains and losses for forwards,future,call options,put options and swaps. Outline and describe the different risks that each type of derivative contract faces. Describe...

Let us assume the market is at equilibrium. If the Marvel Cinematic Universe economy risk free rate is 6 percent. Assume that a investor offers you an investment opportunity which is risk free and...

Lucas Diving Supplies Company, in its first year of business, had labor costs of $66,000, overhead costs of $98,000, materials purchases of $22,000, and ending materials and work-in-process...

BE4.11 (LO 1, 2) Stowe SEs December 31, 2025, trial balance includes the following accounts: Share CapitalOrdinary 70,000, Retained Earnings 114,000, Trademarks 31,000, Share CapitalPreference...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...