Search Results for: unconscionable contract

unconscionable

unconscionable ([schwa]n-kon-sh[schwa]-n[schwa]-b[schwa]l), adj. 1. (Of a person) having no conscience; unscrupulous (an unconscionable used-car salesman). 2. (Of an act or transaction) showing no regard for conscience; affronting the sense of justice, decency, or reasonableness (the contract is void as unconscionable). Cf. CONSCIONABLE. [Cases: Contracts 1. C.J.S. Contracts §§ 2–3, 9, 12.]

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good faith

good faith, n. A state of mind consisting in (1) honesty in belief or purpose, (2) faithfulness to one’s duty or ob-ligation, (3) observance of reasonable commercial standards of fair dealing in a given trade or business, or (4) absence of intent to defraud or to seek unconscionable advantage. — Also termed bona fides. Cf.

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penalty clause

penalty clause. A contractual provision that assesses against a defaulting party an excessive monetary charge unrelated to actual harm. • Penalty clauses are generally unenforceable. — Often shortened to penalty. — Also termed penal clause. Cf. LIQUIDATED-DAMAGES CLAUSE; LIMITATION-OF-REMEDIES CLAUSE . [Cases: Damages 76, 80. C.J.S. Damages §§ 176, 185–187, 190–192, 194.] “It not infrequently

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shock the conscience

shock the conscience. To cause intense ethical or humanitarian discomfort. • This phrase is used as an equitable standard for gauging whether (1) state action amounts to a violation of a person’s substantive-due-process rights, (2) a jury’s award is excessive, (3) a fine or jail term is disproportionate to the crime, or (4) a contract

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bargain

bargain, n. An agreement between parties for the exchange of promises or performances. • A bargain is not necessarily a contract because the consideration may be insufficient or the transaction may be illegal. See BARGAIN SALE; informal contract under CONTRACT. [Cases: Contracts 1. C.J.S. Contracts §§ 2–3, 9, 12.] — bargain, vb. “A bargain is

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