Study each of the following cases carefully. Briefly state the principle of law and your decision.
Unconscionable Contract Jackson, a widow who was desperate for money, sold land to her brother, Seymour, for $275. Later Seymour found valuable timber on the land and sold some of it for $2,353. When Jackson realized that the property was worth much more than she had originally thought, she offered to return the sales price with interest. Seymour refused. Jackson sued, claiming fraud-that her brother, upon whom she relied for the management of her affairs, had misrepresented the value of the land. The initial court decision favored Seymour, and the decision was appealed. Is it likely that the court will invalidate the sale of the property? [ Jackson v. Seymour , 71 S.E.2d 181 (Virginia)]
Principle of Law:
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Decision:
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