Exam 16: Legality and Public Policy

Companywide standardized form contracts imposed on a "take-it-or-leave it" basis by a party with superior bargaining strength are called contracts of collusion.

Substantive unconscionability has to do with matters of freedom of assent.

Which of the following is not illegal?

In an employment contract,agreements not to compete are:

Courts are quick to invalidate contracts on the ground that they are contrary to public policy because such contracts are so offensive to society.

Which of the following agreements represent(s)an unreasonable restraint of trade?

A contract that is deemed to be too harsh or oppressive to one of the contracting parties may be unenforceable under the concept of:

When parties are not equally guilty,the least guilty party is granted relief when it is in the public interest.

In every contract there exists an expressed covenant of good faith and fair dealing.