Quote:
Originally Posted by Isaac Zachary
I would think a reservation would be considered a contract. But I'm no lawyer.
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A contract is a binding contract. Whatever is in the fine print that nobody reads is what carries weight.
I recently read of a family that had a contract to build a new home, and the contractor built it. They had to sell their existing home to cover the expenses in the purchase agreement. Then, the builder put the house on the market at a higher price because the market had appreciated. The contract they signed allowed for the builder to seek market price for property and structures which they purchased and built. Apparently that's somewhat common practice.
I dislike both that people don't read contracts, and that contracts are purposely written to be unreadable. Customers should demand a readable and concise contract. We shouldn't be willing to sign a cell phone contract that says "Verizon has no guarantee of cell phone service, or that you'll ever have service anywhere at any time, but you agree to pay your bill on time, in full, every month". That's a stupid contract, but everyone signed it.