Neal v. Lacob

Plaintiff brought this action seeking rescission of a contract. Defendant counterclaimed; seeking an accounting and money damages.' The trial court found that the contract was unconscionable and consequently held that it “should be declared null and void” and that the counterclaim should be dismissed for want of equity. It is defendant’s basic contention on appeal that the court’s finding of unconscionability is unsupported by the record.

In September 1967 plaintiff, an automobile dealer, entered into the contract which is the subject matter of this dispute. In consideration for lending…