Identify a true statement about unconscionable contracts.

Multiple choice question.

They are contracts so unfair or oppressive that judicial intervention becomes necessary.

Foolishness or lack of knowledge constitutes grounds for unconscionability.

They include contracts where the two parties have similar bargaining powers, but only one party gains significant monetary advantage.

A contract is unconscionable and hence unenforceable even if one party is spectacularly clever, thus gaining the advantage, and the other is not.