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I took a semester of contract law, though I am not a lawyer either. I believe what you write is not accurate. I vaguely remember a case about someone who sold a
by geebee 6y ago
I took a semester of contract law, though I am not a lawyer either. I believe what you write is not accurate. I vaguely remember a case about someone who sold a refrigerator for four times it’s retail value to a low income couple, collected three times the value, and then sued for the remainder. The court would not enforce further payment. However I believe it would not reverse what was already paid either.
I probably have a lot about this wrong but I recall the professor saying “if that’s he bargain, that’s the bargain!” Is not a good description of contract law.
Contracts are important and generally are upheld. However there are limits to how much of the governments time, resources, and monopoly on physical force the courts will marshal to enforce contracts.