Business, 14.03.2020 04:20 kodakcam02

Every large city has a poor area. Lucero owns a house in on such area in Chicago. A salesman visits his home, selling storm windows. Lucero buys and signs a contract, which calls for a price of $25,000 to be paid in monthly installments of $500 for 20 years. Lucero only earns $1,000 per month. In addition, his home is only worth about $40,000. The windows are worth no more than $8,500. Lucero speaks and reads very little English and he truly believed he was signing a receipt for a free gift. Which of the following best describes this contract?

A. The contract is fully enforceable as written.

B. The contract is unenforceable because it is illusory.

C. The contract is unenforceable because it is unconscionable.

D. The contract is unenforceable because it is exculpatory

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Every large city has a poor area. Lucero owns a house in on such area in Chicago. A salesman visits...

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