Which type of contract is characterized by offering the consumer little to no leeway to negotiate terms?

The correct answer is a contract of adhesion, which is characterized by providing the consumer with little to no opportunity to negotiate the terms. These contracts are often drafted by one party, typically a business or service provider, and presented to the other party, usually a consumer, on a "take-it-or-leave-it" basis. This means that the consumer does not have the chance to alter the terms of the agreement and must either accept the contract as it is or reject it entirely.

Contracts of adhesion are common in various areas, such as insurance policies, lease agreements, and standardized service agreements. The underlying principle is that one party has significantly more bargaining power than the other, leading to a disparity in the negotiation process. Legal systems often scrutinize these contracts to ensure that they do not contain unconscionable terms.

In contrast, option contracts allow for negotiation of terms and give the buyer the right to make a decision on a future date, while negotiated contracts are characterized by discussions that result in a mutual agreement on terms. Voidable contracts may be valid but can be annulled at the discretion of one party under specific conditions due to issues like misrepresentation or duress, thus allowing for more negotiation before the contract can be nullified.