Your dog Rover is setting up a partnership with Godzilla. Given their massively different statures in power, adhesion contract rules will likely apply.
That is, as a rule of law, Rover will be protected from Godzilla using his full heft, and that fire-breathing thingy, to bring leverage against Rover in signing this partnership contract, which details the lemonade stand they wish to open together.
In more practical application, insurance companies with massive power over individuals fall under this rubric. It exists via an early 20th century set of laws, which viewed large corporations as unwieldy beasts that had to be controlled, such that they played by basic rules that put the small actor on equal footing with the big. Were these rules not in place, nearly infinite leverage could have been applied by corporate America, virtually stifling the rights of the little guy.
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Finance: What is a registration statemen...2 Views
finance a la shmoop what is a registration statement....Hi I'm a
registration statement okay there I said [Uncle Sam poster talking]
it that's a registration statement alright
what am I good for well if you want to go public that is raise money from Joe [Joe Sixpack and Josephine Sixpack appear]
Sixpack and his wife Josephine well then you have to jump through all kinds of
hoops the most important of which is that you have to file a prospectus with
the Securities Exchange Commission or SEC all right what's a prospectus[Prospectus with SEC badge]
it used to be an amateur spectus but the well then it took some continuing ed
classes owned expecting skills and it turned pro and took money all
right well a prospectus basically just outlines all of the information that the
SEC deems is key to the offering like trailing revenues and profits and growth
the units sold, any lawsuits outstanding against the company, distribution,
contracts with vendors patents who the management is debts owed and on and on [examples of what is outlined in a prospectus]
why the need for all this registration well because so many unsuspecting
investors who likely didn't watch this video well they got taken taken in the [Person picks up red phone]
past yeah farmers, not educated government came to their aid they
invested in some sleazy thing that wasn't run through the SEC and now
they're walking around in a barrel saying we'll uh shmoop for food yeah [Man walking in a barrel]
good luck you know the phrase a barrel of fun yeah this is not what it's
referring to [Man walking inside a barrel and a tiger appears]
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