Under the Land and Business (Sale and Conveyancing) Act 1994, what constitutes an unconscionable term in a property sale contract?
Correct Answer
B) A term that is so unfair or oppressive that it goes against good conscience, considering the relative bargaining positions and circumstances
An unconscionable term is one that is so unfair or oppressive as to go against good conscience. Courts consider factors such as relative bargaining positions, whether the terms were explained, and whether undue influence was applied.
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