unconscionable bargain |
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Definition
Entrapping deal on very unfair terms, such as buying a property from an expectant heir at grossly undervalued price, or a loan made at extortionate terms to someone in dire need. It is a transaction which no sensible person will enter into and which no honest person would accept. Courts often nullify or modify such bargains. Also called catching bargain or unconscionable transaction.
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unconscionable bargain is in the Corporate, Commercial, & General Law subject.
unconscionable bargain appears in the definitions of the following terms: unconscionable transaction and catching bargain
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