Which of the following elements has to be proved for a contract to be deemed unconscionable?
A) that the stronger party entered the contract under duress
B) that the parties had equal economic resources at their disposal
C) that the parties possessed severely unequal bargaining power
D) that the dominant part had justly used its economic resources

Question

Quizplus · Accepted Answer

To be deemed unconscionable, it must be proven that the parties possessed severely unequal bargaining power. This could include situations such as one party having significantly more knowledge or expertise in the subject matter of the contract or one party being in a vulnerable position where they have no other option but to agree to the terms presented to them. Factors such as duress or economic resources may contribute to this unequal bargaining power, but they are not the defining element of unconscionability.

Which of the Following Elements Has to Be Proved for a Contract