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Legal Terms - catching bargain (unconscionable bargain)
An agreement with highly inequitable conditions. An instance of this is when someone who anticipates inheriting a property sells their future interest in it at a significantly lower price, due to their urgent financial situation. A court with equitable jurisdiction has the authority to invalidate or alter such a contract.
An agreement with highly inequitable conditions. An instance of this is when someone who anticipates inheriting a property sells their future interest in it at a significantly lower price, due to their urgent financial situation. A court with equitable jurisdiction has the authority to invalidate or alter such a contract.
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