The should consider the use of another contract once

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the use of another structure since they are still bound to the current contract. The should consider the use of another contract once they are bound out of the current contract by arguing that it is voidable based on the grounds of unconscionable conduct from the lending officer. This is because they were misled by the officer’s superior bargaining power. 3. What are the relevant legal principles which apply to Penny and Sheldon’s situation? The legal principle that applies in Sheldon and Penny’s situation is the principle of unconscionable conduct. In their case, the lending officer had superior knowledge yet he misled them into taking a loan that they could not service. Foreclosure law/principle also applies as Sheldon and Penny have not been able to meet their legal requirements as per the contract that they signed. 4. What advice would you ask a legal specialist like myself to assist you in this matter? One of the advice that Sheldon and penny should seek is whether or not the contract is voidable and what legal remedies are there for them to avoid mortgage sale or deal with the matter.
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