Waters v. Min Ltd.

Waters (plaintiff) owned an annuity worth at least $189,000 (with a potential value of $694,000 over 25 years); her boyfriend Beauchemin, who had introduced her to drugs and run up her credit cards, acted as an agent for Min Ltd. (defendant) in persuading her to sell the annuity for $50,000, with Min represented by counsel while Waters was not, and Min forgave a $7,000 debt Beauchemin owed it in exchange for arranging the sale. Waters sued for rescission on unconscionability grounds, and the trial court ruled for her; Min appealed.