Gateway to Arbitration: Issues of Contract Formation under the U.C.C. and the Enforceability of Arbitration Clauses Included in Standard Form Contracts Shipped with Goods
Mahdi, Sajida A., Northwestern University Law Review
Tempora mutantur, nos et mutamur in illis.1
Mass production and distribution dominate today's economy.2 Consequently, the use of standard form contracts3 prevails in today's ordinary, routine commercial transactions.4 Standard form contracts are "neither good nor bad, and neither just nor unjust, for they are necessary and generally mutually beneficial."5 They permit companies to reduce the cost of negotiations and save time that each party would otherwise spend bargaining over terms.6 Courts generally enforce standard form contracts,7 and the Re
statement of Contracts recognizes and approves …
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Publication information: Article title: Gateway to Arbitration: Issues of Contract Formation under the U.C.C. and the Enforceability of Arbitration Clauses Included in Standard Form Contracts Shipped with Goods. Contributors: Mahdi, Sajida A. - Author. Journal title: Northwestern University Law Review. Volume: 96. Issue: 1 Publication date: Fall 2001. Page number: 403+. © Northwestern University School of Law Fall 2008. Provided by ProQuest LLC. All Rights Reserved.