Contracts
Under NC law, a court may refuse to enforce an 'unconscionable' contract provision. An unconscionable provision is one that is:
ASlightly unfair to one party
BSo one-sided and oppressive that it shocks the conscience of the court✓ Correct
CWritten in legal jargon
DPrinted in small font
Explanation
Courts may refuse to enforce unconscionable contract terms — those that are so grossly one-sided, oppressive, or surprising that enforcing them would be fundamentally unjust.
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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