1. C.J.S. Contracts §§ 2–3, 9, 12.] — bargain, vb.
“A bargain is an agreement of two or more persons to exchange promises, or to exchange a promise for a performance. Thus defined, ‘bargain’ is at once narrower than ‘agreement’ in that it is not applicable to all agreements, and broader than ‘contract’ since it includes a promise given in exchange for insufficient consideration. It also covers transactions which the law refuses to recognize as contracts because of illegality.” Samuel Williston, A Treatise on the Law of Contracts § 2A, at 7 (Walter H.E. Jaeger ed., 3d ed. 1957).
catching bargain. An agreement on unconscionable terms to purchase real property from — or loan money secured by real property to — a person who has an expectant or reversionary interest in the property.
illegal bargain. A bargain whose formation or performance is criminal, tortious, or otherwise contrary to public policy.
plea bargain. See PLEA BARGAIN.
time-bargain. See FUTURES CONTRACT.
unconscionable bargain. See unconscionable agreement under AGREEMENT.
