Examlex
What concept does the A represent within the DREAD model?
Procedural Unconscionability
A legal principle that occurs when the terms of a contract or the manner in which it was negotiated are so unfair to one party that they are void of meaningful choice.
Substantive Unconscionability
A condition where a contract or a specific contract term is so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.
Contract Language
The specific phrasing and terminology used in contracts to clearly define rights, responsibilities, obligations, and other agreements between parties.
Usury Statute
Laws that set maximum interest rates that can be charged on loans to prevent predatory lending practices.
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