A television rent-to-own contract that requires 24 payments of $30 each before the renter owns the $199 television set is unconscionable.

Question

Quizplus · Accepted Answer

The total amount paid over the 24 payments would be $720 ($30 x 24). This is more than three times the cost of the television set. Additionally, the rent-to-own contract may have high interest rates and penalties for late payments, making it even more burdensome for the renter. Therefore, this contract is likely unconscionable.

A Television Rent-To-Own Contract That Requires 24 Payments of $30