| Court: | Supreme Court of New York |
| Facts: | Jones agreed to buy a $300 freezer for about $1,200, then defaults on payments with $800 still left to pay. |
| Posture: | Not clear how the trial court found, but probably for the defendants. |
| Issue: | Is there some point at which the price itself becomes an unconscionable term in a bargain? |
| Holding: | Yes. The contract should be reformed to deal only with what has already been paid. |
| Rule: | They admit they can't really explain how they set the cutoff point, but they cite UCC § 2-302 as justification for the idea that there might be one. |
| Reasoning: | We know it when we see it, basically. At some point there's a difference between protecting agains business risk and predatory pricing. |
| Dicta: | |