Olga enters into a contract to buy a refrigerator from a Prairie States Appliance store with the price to be paid in monthly installments. After thirty-six months of payments,Olga has paid more than twice the price of a similar stove. Eighteen payments remain due under the contract.
-Refer to Fact Pattern 20-1. Under the UCC,the court can evaluate the contract to determine whether it was unreasonably unfair and one sided
A)at the time it was made.
B)at the end of its term.
C)in the middle of its performance.
D)at the time of Olga's suit.

Question

Quizplus · Accepted Answer

The UCC allows courts to evaluate contracts for unconscionability, which means that they are so one-sided that they are unfair to one of the parties. This evaluation can take place at the time the contract was made, which is before the payments began. Therefore, the court can determine whether the contract was unreasonably unfair and one-sided at the time it was made.

Olga Enters into a Contract to Buy a Refrigerator from a Prairie