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What is Validity of Adhesion Contracts Explained about?

This case involved a promissory note and chattel mortgage for the purchase of a car. The contract stipulated that any missed payments would make the entire balance due without notice or demand. The buyers missed payments and were sued. The court upheld the contract, finding that (1) parties can waive notice/demand by express stipulation; (2) contracts of adhesion are valid unless one party is deprived of equal bargaining power, which was not found; and (3) prior demand is not required for replevin actions u

Author

JezenEstherB.Pati

Language

EN