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What type of a contract is Non-negotiable?

a. Aleatory
b. Adhesion
c. Excess
d. Primary

1 Answer

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Final answer:

A non-negotiable contract is known as an adhesion contract, which is offered by one party to another without an opportunity for negotiation.

Step-by-step explanation:

What type of a contract is non-negotiable? The answer is b. Adhesion.

An adhesion contract is a standardized contract, which is offered by an economically stronger party to an economically weaker party on a 'take it or leave it' basis. It typically does not allow for much negotiation in terms of its provisions.

Examples of adhesion contracts can include insurance policies and membership agreements. Unlike adhesion contracts, aleatory contracts depend on an uncertain event, excess contracts often refer to reinsurance agreements beyond the primary layer, and primary contracts are the initial layer of coverage in insurance agreements.

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