Appellants buyers purchased a small mom-and-pop gas station/convenience store from a Mr. Lowe. One of the appellants

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Appellants’ buyers purchased a small mom-and-pop gas station/convenience store from a Mr. Lowe. One of the appellants’ claims is that the sales contract was unconscionable. Appellants’ unconscionability argument is twofold: (1) that the value of the business was substantially less than what Appellants paid: and (2) that Mr. Lowe misled Appellants as to the income to be generated from the business. The trial court found there was no unconscionability. But is unconscionability an appropriate concept which may be applied to a UCC contract?

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Dynamic Business Law

ISBN: 9781260247893

5th Edition

Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs

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