Discuss whether this contract is likely to be considered

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Q. "Amy, a 20-year-old college student, went to High Note, a large store specializing in electronics, to buy a home theatre set-up. The salesman told her that she could rent to own the Alpo Model XL2 if she made lease payments of a mere $25 a week for 100 weeks and a final payment of $500. Without shopping at any other store, Amy signed the contract to "rent to own" the Alpo theatre under the terms discussed above. The next week she was window-shopping at another electronics store and saw the same theatre for $1000. She then tried to cancel her contract with High Note but High Note refused.

Amy alleges that the contract is unconscionable because it calls for a sales price several times greater than the prevailing market price of the Alpo XL2.

Discuss whether this contract is likely to be considered unconscionable."

Reference no: EM1399286

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