Question

What are the basic characteristics of most unconscionable contracts?

1) Unfair terms and conditions
2) Lack of free and informed consent
3) Inequality of bargaining power
4) All of the above

Answer 1

Unconscionable contracts are characterized by unfair terms and conditions, lack of free and informed consent, and inequality of bargaining power.

Step-by-step explanation:

The basic characteristics of most unconscionable contracts are:

1. Unfair terms and conditions: Unconscionable contracts often contain terms and conditions that are heavily biased in favor of one party, resulting in an unfair advantage for that party.
2. Lack of free and informed consent: In many unconscionable contracts, one party may not have fully understood the terms of the contract or may have been coerced or deceived into entering the agreement.
3. Inequality of bargaining power: Unconscionable contracts typically arise when there is a significant power imbalance between the parties involved, with one party having much greater leverage and the ability to dictate unfair terms.

Therefore, the correct answer is option 4) All of the above.