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Which of the following statements are correct in the context of standard form contracts? A. Notice…

In a standard-form contract there must be reasonable notice of the terms and no misrepresentation, and the terms may be drafted by one party and used with numerous persons,…

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Which of the following statements are correct in the context of standard form contracts?
A. Notice should not be contemporaneous with the consent.
B. There should be a reasonable notice of the contractual terms.
C. There should be no misrepresentation.
D. The parties are not bound if the terms are contained in a contractual document.
E. The contract with standard terms may be drafted by one party and on the same terms contracts may be made with numerous persons.

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Answer and explanation

Correct answer A

In a standard-form contract there must be reasonable notice of the terms and no misrepresentation, and the terms may be drafted by one party and used with numerous persons, giving "B, C, E Only"; notice must be contemporaneous with consent, and parties are bound by terms contained in a contractual document.

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