Examlex

Solved

Discuss the Development and Importance of the Principle of Unconscionable

question 142

Essay

Discuss the development and importance of the principle of unconscionable contracts. In your answer compare unconscionability to insanity, duress, and undue influence.


Definitions:

Major Modification

A significant change or alteration to the original terms, structure, or conditions of an agreement or object.

Assignment

Shifting the possession of property, the burden of obligations, or rights from one side to another.

Consignment

An arrangement where goods are left in the possession of another party to sell, but the owner retains ownership until the goods are sold.

Positive Assurance

Certification or guarantee often required in auditing, indicating that financial statements and records accurately reflect the entity's financial status.

Related Questions