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Showing 1–2 of 2 articles for “unconscionability”

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Sep 20, 2022 commercial-law legal-interest unconscionable-interest sales-of-goods civil-code supreme-court

Interest on Overdue Accounts: Clarifying the Scope of Legal Interest and Unconscionability in Sales of Goods

The Supreme Court clarifies when legal interest applies to stipulated interest and how courts determine unconscionable rates in sales transactions.

Dec 10, 2007 credit card interest rates unconscionability contracts debt collection civil law

Credit Card Interest and Penalties: Balancing Contractual Freedom and Unconscionability in Debt Obligations

The Supreme Court clarifies when credit card interest and penalty rates are enforceable and when courts may reduce them as unconscionable.