Question

wednesday 12/10
contracts discussion
due: wednesday, december 10, 2025 at 12:00 am

1. have you ever clicked \i agree\ online without reading the terms? do you think most people do? what could be the risk?
2. why is it important that both parties are \competent\ when forming a contract? what is an example of someone who might not be competent enough to enter one?

posted wed dec 10, 2025 at 7:44 am

Explanation:

The problem is about contract law and related behavioral aspects, which falls under the Law subfield of Social Science. For the first sub - question:

1. Many people have clicked "I agree" online without reading terms. Most people do this due to time constraints, lack of awareness of importance, or perceived low risk. Risks include agreeing to unfair terms (e.g., giving up data rights, hidden fees), liability for violations, or being bound by unfavorable arbitration clauses.
2. Competence in contract formation is important because a contract requires mutual understanding and voluntary agreement. A person not competent enough could be a minor (under 18 in many jurisdictions, as they may lack the capacity to fully understand contractual obligations), or someone with severe mental illness that impairs judgment, or an intoxicated person who can't understand the terms.

Answer:

1. (1) Yes, I have clicked "I agree" online without reading terms. (2) Most people do this. (3) Risks include agreeing to unfair data usage terms, hidden fees, or binding arbitration clauses.
2. (1) Competence is important for mutual understanding and voluntary agreement. (2) Example: A 16 - year - old minor (or a severely mentally ill person, or an extremely intoxicated person) might not be competent enough to enter a contract.