Business, 03.07.2021 18:50 Sruyle51230

A farmer contracted with a wholesaler to sell 10,000 pounds of dragon fruit at $10 per pound, the market price for dragon fruit at that time. After these merchants executed the contract, a variety of unforeseeable factors, including favorable weather conditions and a significant number of other farmers growing dragon fruit, drove the market price of dragon fruit to $1 per pound. The wholesaler attempted to renegotiate with the farmer, but the farmer refused to modify the contract. When the wholesaler refused to accept delivery of the dragon fruit, the farmer sued the wholesaler. The wholesaler raised the defense that to force him to buy dragon fruit for ten times its current market price would be unconscionable. Does the wholesaler have a valid unconscionability defense

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A farmer contracted with a wholesaler to sell 10,000 pounds of dragon fruit at $10 per pound, the ma...

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