What are the Standard Forms of Contracts

Question

What are the Standard Forms of Contracts?

Answer 1

A standard form contract is an offer presented in a printed document or notice, the terms of which are uniform for everyone, e.g., an airline ticket or parking receipt. In general, by accepting a standard form contract, the offeree is deemed to have accepted every term of it; that is, the offeree is presumed to have knowledge of all of its terms and to be bound by them. Thus, if the offeror has taken reasonable steps to bring terms to the attention of the offeree, the offeree will be bound despite a lack of actual knowledge of the terms (e.g., even if he or she does not read the notice on the back of the parking receipt that makes reference to liability disclaimers posted throughout the lot). In the absence of reasonable steps, such as where the term is in small print or is inconspicuous, the offeree may not be bound by the term.