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Question

Legal Studies Question on Laws of Contract

A party cannot avail the benefit of Doctrine of Fairness to alter the terms of contract because it is presumed that if a commercial contract is taking place under a statute:

A

parties have an equal bargaining power

B

parties voluntarily agreed to the terms

C

parties take absolute liability to fulfil the contract

D

All of the above

Answer

All of the above

Explanation

Solution

The correct answer is option (D):All of the above .