Question: Identify the terms in Column A by matching each with the appropriate statement in column B . Usury Contract terms impose on adhering party: imbalance
Identify the terms in Column A by matching each with the appropriate statement in column B
Usury
Contract terms impose on adhering party: imbalance of power
Agreement in restraint
Pricefixing or other agreement to limit competition
Covenant not to compete
Clause that disclaims liability; waiver of liability
Illegal agreement
Person who repents before performing can rescind and seek restitution
Locus poenitentiae
Cannot recover fee for services and may violate criminal law
Contract of adhesion
Since agreement is legally void, no remedy is available
Unconscionability
Equitable doctrine to prevent unfair surprise and of trade oppression in contracts
Exculpatory clause
Must be reasonable in time and geographic scope to be legal
Effect of illegality
Agreement in violation of statute or public policy
Unlicensed practice of law
Lender receives for interest than allowed by statue
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