SOCIAL STUDIES 11 Name: __________________________

CONCLUSIONS ABOUT FAIRNESS

JUSTIFY YOUR RATING

Free Authorized Consent: 1 – 2 – 3 – 4 – 5

Negotiations are fair only if one
party is not unduly pressured by
the other party to make a deal
and that both parties that sign
the document have the authority
to do so.

Reasonably Equivalent Value: 1 – 2 – 3 – 4 – 5

Although one side may benefit
more than another, especially if
one party is desperate to sell, the
value of the exchange must not
be exceptionally lopsided from
the outset in favour of one of the
parties.

Fundamental Understanding: 1 – 2 – 3 – 4 – 5
Negotiations are unfair if one
party suspects that the other
party may be grossly confused or
ill-informed about the terms the
agreement, and does not make a
sincere attempt to clarify the
confusion.