Catching Bargain Law and Legal Definition

Catching bargain is a contract for a loan based on unconscionable terms. Contracts made fraudulent intentions and inhuman terms are called catching bargain. For example, it is an agreement made with an heir expectant, for the purchase of his/her expectancy, at an inadequate price. Heir expectant is entitled to relief in equity in such circumstances. Such a contract can also be set aside or modified by a court of equitable jurisdiction. Catching bargain can also be termed as unconscionable bargain. It is basically a contract under unfair terms.