Economics
Unconscionability in Consumer Contract Enforcement
Quick fact
In 1995, the Supreme Court of Alabama struck down an arbitration clause in a consumer contract as unconscionable, despite the general policy favoring arbitration, because the clause was buried in a take-it-or-leave-it agreement and imposed severe disadvantage on the consumer (see 'Searcy v. M-I Drilling Fluids, Inc.').
Why this is interesting
Have you ever signed a contract without reading the fine print, only to discover later that you waived rights you never knew you had? What if the law said that such a clause was unenforceable because it was simply too unfair?