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The Reunification Of Contract: The Objective Theory Of Consumer Form Contracts, Michael I. Meyerson May 1993

The Reunification Of Contract: The Objective Theory Of Consumer Form Contracts, Michael I. Meyerson

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Despite the ubiquitousness of standard form contracts in the world of consumer transactions, there is no consensus as to how these contracts ought to be constructed. Some courts continue to treat form contracts as if they were classically negotiated contracts. Others attempt in a variety of ways to factor in the reality that consumers entering into these contracts are not able to negotiate the terms and almost always sign these documents, which are presented on a take-it-or-leave-it basis, without reading them. This article posits that the cause of this continued confusion over form contracts is due to a basic failure …