Unformatted text preview: Williams was poor and the furniture store knew of her financial obligations. She already owed them money and they knew her income and she couldn’t afford to purchase a $514 stereo. Commercial code: The court may refuse to enforce a contract with it finds to be unconscionable (unreasonable, ill thought through) at the time that it was made. Defense: s Verdict: Contract not overturned, but law going to be put into place to make this sort of unreasonably power biased contract unlawful. Law and Economics Notes:...
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This note was uploaded on 12/11/2007 for the course ECON 4040 taught by Professor Hay during the Fall '07 term at Cornell.
- Fall '07