Unconscionable

Term · Insurance and risk management · MLC-T-INS-003400

Describing a contract or clause that is so grossly unfair, one-sided, and oppressive that a court will refuse to enforce it. The term applies when one party has vastly superior bargaining power and uses it to impose terms that a reasonable person would not accept. Courts examine both the process of forming the contract (procedural unconscionability) and the fairness of its terms (substantive unconscionability) when making a determination.

Table 1. Record
Identifier	MLC-T-INS-003400
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003400",
  "term": "Unconscionable",
  "field": "Insurance and risk management",
  "definition": "Describing a contract or clause that is so grossly unfair, one-sided, and oppressive that a court will refuse to enforce it. The term applies when one party has vastly superior bargaining power and uses it to impose terms that a reasonable person would not accept. Courts examine both the process of forming the contract (procedural unconscionability) and the fairness of its terms (substantive unconscionability) when making a determination.",
  "url": "https://mlchart.com/terminology/insurance/unconscionable/"
}

Record 3,496 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.