Unconscionability can arise when the terms of a contract so unreasonably favor the stronger party to the point of being oppressive that the court feels the need to intervene. The modern test is when a contract is so unfair that it “shocks the conscience.” Several features in a contract may...
Surety is an essential element of contract law, and essentially refers to a legal agreement in which one party (the surety) agrees to be held liable for the debts or obligations of another party (the principal). Essentially, the surety is a guarantee that a debt will be paid or that an ...
In this day of modem insurance contracts, such cases willbe few indeed. 50. by overlaying inapplicable equitable principles which contravene thecontract terms and forge a new agreement between the parties." 57 KEJ Edeus - 《N.ill.u.l.rev》 被引量: 3发表: 1996年...
An EPC agreement, which stands for engineering, procurement, and construction, is a contract used for construction works performed by private entities on large-scale and complex infrastructure projects. EPC contracts are sometimes called turnkey construction contracts. Under an EPC contract, a ...