Question

Thaddeus is eighty-two years old and lives by himself in his rent-stabilized apartment. He is on a fixed income and has no family. He purchased a set of premium cast-iron cooking pots after meeting Henry, a salesperson, at the supermarket. Thaddeus signed the contract in the coffee shop next door after the two men left the supermarket. The cooking pot set cost $2,400 and is payable in 24 equal monthly installments. The same set retails for $1,000 elsewhere. The next day, Thaddeus decides that he cannot afford the cooking pot set.
a. The circumstances surrounding the transaction would be considered by the court, including the bargaining power of the parties.
b. The doctrine of unconscionability would probably allow Thaddeus to be released from his obligation.
c. The contract unreasonably favors Henry.
d. All of the above.

Answer 1

D all the above trust