Final answer:
Courts typically assess the validity of a contract based on clear terms, mutual agreement, consideration, legality, and capacity, not fairness. They may assess fairness only in special circumstances like fraud or unconscionability.
Step-by-step explanation:
Ordinarily, courts do not consider whether a contract is fair or unfair. They typically focus on whether the terms of the contract were clearly presented, voluntarily agreed to, and supported by consideration on both sides. The courts also check for legality and the capacity of both parties to enter a contract. If these conditions are met, a contract is generally considered valid, even if it may seem unfair to one party. Only in cases where there is evidence of fraud, coercion, undue influence, or unconscionability might a court intervene to assess the fairness of a contract.