Question
4. John Smith operates a successful fleet of taxis in Hattiesburg and is concerned about the future price of gas. So, he enters into a
4. John Smith operates a successful fleet of taxis in Hattiesburg and is concerned about the future price of gas. So, he enters into a 5-year contract to buy all of the gas from Pete, a distributor, for $3.80 per gallon. COVID-19 strikes and the price of oil drops to $1.10 per gallon. John has fewer customers because of the virus but he can buy his gas much cheaper. John refuses to pay the $3.80 per gallon as he agreed to do in the contract.
(a.) Can John successfully avoid this contract due to unconscionability? Why or why not. Please discuss.
(b). Is Johns claim based on substantive unconscionability or procedural unconscionability? Please discuss.
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