verbal agreements vs. contracts

24

Comments

  • blackredyellowblackredyellow Posts: 5,889
    jeffbr wrote:
    Why would you want to avoid them? I guess I don't understand your basic premise. A contract, freely entered into by consenting adults, for a mutually beneficial reason sounds like a great idea.

    Yeah, that's what I don't get... If you agree on something that is beneficial to you or that protects you, what is the problem?

    I just signed a contract for 0% financing on new bedroom furniture. If I don't pay it off in 12 months, I will own back interest at a ridiculous rate. I happily signed that contract because 1) I will pay it off in 12 months and 2) Paying the total over 12 months makes more sense to me then one big sum at the beginning. It won't cost me anymore in the end, and I will at least get some interest out of the money.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • gue_bariumgue_barium Posts: 5,515
    mammasan wrote:
    Gue_barium I don't understand your dislike for contracts. They are there to protect all parties involved.

    For the most part, contracts involving the bank are designed in favor of the bank. Our fiat monetary system relies on banks failing a certain percentage of loans (contracts). So, fuck em.

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  • blackredyellowblackredyellow Posts: 5,889
    gue_barium wrote:
    Nope.

    Nope for a will? I guess you'll be happy with the government and lawyers getting more than they deserve when you die.

    My grandfather didn't have a will, and cleaning up his estate will probably take 2 years when all of the property is sold and divided up. It has become a huge pain in the ass between my mother and my uncle, and they are working on it totally amicably and fully cooperating. It would have been MUCH simpler if he had a will.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • gue_bariumgue_barium Posts: 5,515
    Yeah, that's what I don't get... If you agree on something that is beneficial to you or that protects you, what is the problem?

    I just signed a contract for 0% financing on new bedroom furniture. If I don't pay it off in 12 months, I will own back interest at a ridiculous rate. I happily signed that contract because 1) I will pay it off in 12 months and 2) Paying the total over 12 months makes more sense to me then one big sum at the beginning. It won't cost me anymore in the end, and I will at least get some interest out of the money.

    I'll never need a loan.

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  • gue_bariumgue_barium Posts: 5,515
    Nope for a will? I guess you'll be happy with the government and lawyers getting more than they deserve when you die.

    My grandfather didn't have a will, and cleaning up his estate will probably take 2 years when all of the property is sold and divided up. It has become a huge pain in the ass between my mother and my uncle, and they are working on it totally amicably and fully cooperating. It would have been MUCH simpler if he had a will.

    well, condolences to your grandfather, but he should have had a better system set up with his family. i think that is possible without contracts. or wills.

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  • gue_barium wrote:
    For the most part, contracts involving the bank are designed in favor of the bank. Our fiat monetary system relies on banks failing a certain percentage of loans (contracts). So, fuck em.

    Ummm....so in other words your beef isn't with contracts but rather with banks?
  • jeffbrjeffbr Seattle Posts: 7,177
    gue_barium wrote:
    For the most part, contracts involving the bank are designed in favor of the bank. Our fiat monetary system relies on banks failing a certain percentage of loans (contracts). So, fuck em.

    For the most part? No. For the most part contracts are used for much of our interactions with other people. It is not just bankers who use them. Your apparent fear of banking has clouded your understanding of contracts.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • jeffbrjeffbr Seattle Posts: 7,177
    gue_barium wrote:
    well, condolences to your grandfather, but he should have had a better system set up with his family. i think that is possible without contracts. or wills.

    How? You may want to read up on probate law.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • mammasanmammasan Posts: 5,656
    gue_barium wrote:
    For the most part, contracts involving the bank are designed in favor of the bank. Our fiat monetary system relies on banks failing a certain percentage of loans (contracts). So, fuck em.

    They don't necessarily involve a bank. A loan involves a bank but utilities, insurance, wills, marriage. What if you need work done on your car. Are you going to just bring it to a mechanic and assume or trust that he will do the job. Or are you going to ask that he give you a list of all the work that needs to be done with a signed written gaurantee that the work will be done to your satisfaction. If you want the signed and written guarentee then that is a contract.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • gue_bariumgue_barium Posts: 5,515
    jeffbr wrote:
    For the most part? No. For the most part contracts are used for much of our interactions with other people. It is not just bankers who use them. Your apparent fear of banking has clouded your understanding of contracts.

    No, I'm just saying I don't need "the contract" to interact with other people.

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  • gue_barium wrote:
    No, I'm just saying I don't need "the contract" to interact with other people.

    Then don't use them. What's the problem here?
  • gue_bariumgue_barium Posts: 5,515
    mammasan wrote:
    They don't necessarily involve a bank. A loan involves a bank but utilities, insurance, wills, marriage. What if you need work done on your car. Are you going to just bring it to a mechanic and assume or trust that he will do the job. Or are you going to ask that he give you a list of all the work that needs to be done with a signed written gaurantee that the work will be done to your satisfaction. If you want the signed and written guarentee then that is a contract.

    I do my own car repairs. The utilities are included on my verbally agreed upon month-to-month rental.

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  • blackredyellowblackredyellow Posts: 5,889
    gue_barium wrote:
    I'll never need a loan.

    So you have money and don't trust banks do you keep all of your money in your sock drawer?

    I could have paid for it upfront too, but paying over time (interest free) made more sense because I can make interest or invest the money for the future payments.

    And my example wasn't about needing a loan, it was to support the facts that not all contracts are bad and need to be avoided. In the end, I actually will make out better financially thanks to this contract.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • gue_bariumgue_barium Posts: 5,515
    Then don't use them. What's the problem here?

    What problem? I thought it was an interesting topic, so I made a post.

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  • soulsingingsoulsinging Posts: 13,202
    jeffbr wrote:
    Why would you want to avoid them? I guess I don't understand your basic premise. A contract, freely entered into by consenting adults, for a mutually beneficial reason sounds like a great idea.

    well, then they'd have to live up to their responsibilities. this is america dude. nobody wants to be held accountable for anything.
  • jeffbrjeffbr Seattle Posts: 7,177
    gue_barium wrote:
    No, I'm just saying I don't need "the contract" to interact with other people.

    Cell phones?
    Cable tv?
    Internet access?
    Utilities?
    Rent/lease/mortgage?
    Credit card?
    Bank account?
    Rental car?
    Participation in a recreational sport?
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • mammasanmammasan Posts: 5,656
    gue_barium wrote:
    I do my own car repairs. The utilities are included on my verbally agreed upon month-to-month rental.

    Well I hope your landlord doesn't turn around one day and tell you to get the fuck out. Since you don't have a signed lease he basically can kick you out for any damn reason.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • gue_barium wrote:
    What problem? I thought it was an interesting topic, so I made a post.

    I guess I just don't understand the topic then. Who is forcing you to sign contracts? Who is even asking you to do this? You bring up bankers, then you say you'll never need a loan. What contracts are being forced upon you, or others?

    It appears that you have a problem crossing the dividing line between verbal agreements and contracts. That dividing line is known as honesty. So, it sounds like you have an honesty problem.
  • click "agree" by signing up to a message board.
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • soulsingingsoulsinging Posts: 13,202
    click "agree" by signing up to a message board.

    ooooooooh shit!
  • gue_bariumgue_barium Posts: 5,515
    Interesting to note that 'verbal agreement' has yet to make an argument in this topic. Everyone focuses on the contract.
    It's just the world we live in, I suppose, huh.

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  • gue_bariumgue_barium Posts: 5,515
    I guess I just don't understand the topic then. Who is forcing you to sign contracts? Who is even asking you to do this? You bring up bankers, then you say you'll never need a loan. What contracts are being forced upon you, or others?

    It appears that you have a problem crossing the dividing line between verbal agreements and contracts. That dividing line is known as honesty. So, it sounds like you have an honesty problem.

    Lol. Right. Honest people don't need contracts, silly.

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  • soulsingingsoulsinging Posts: 13,202
    gue_barium wrote:
    Interesting to note that 'verbal agreement' has yet to make an argument in this topic. Everyone focuses on the contract.
    It's just the world we live in, I suppose, huh.

    becos people cannot be trusted and a person's "word" means nothing anymore. not like it used to. you'd be an idiot to bank on people's honesty and good will.
  • mammasanmammasan Posts: 5,656
    Gue_Barium did you go to college? Because if you did then you have signed a contract. Ever belong to a gym or any type of membership to an organization? Ever have a subscription to any type of publication? Ever own or use a library card? All of these are contracts that you may have entered in to.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • What would Judge Judy do...
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • blackredyellowblackredyellow Posts: 5,889
    gue_barium wrote:
    Interesting to note that 'verbal agreement' has yet to make an argument in this topic. Everyone focuses on the contract.
    It's just the world we live in, I suppose, huh.

    Verbal agreements work, but if something came up and you had to prove that you had a verbal agreement with someone, then it's your word against theirs. I like my landlord and all, and don't think that they would screw me over, but it's nice to know that if he did that I would have legal recourse, instead of trying to prove that he told me that he wouldn't increase my rent $200.

    I'm not sure of your fear of contracts if you are willing to enter into verbal agreements unless you think that you are the one that will try to back out of something or not hold up your end.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • becos people cannot be trusted and a person's "word" means nothing anymore. not like it used to. you'd be an idiot to bank on people's honesty and good will.


    Keeps me searching for a heart of gold...and I'm growing old...
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • gue_bariumgue_barium Posts: 5,515
    jeffbr wrote:
    Cell phones?
    Cable tv?
    Internet access?
    Utilities?
    Rent/lease/mortgage?
    Credit card?
    Bank account?
    Rental car?
    Participation in a recreational sport?
    Cable, credit cards, and rental cars I can do without. Utilities and internet are part of the rental agreement I have. I have a savings account at a credit union...and that was kind of a necessity in order to cash my payroll checks.

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    except by express written permission of ©gue_barium, the author.
  • gue_barium wrote:
    Lol. Right. Honest people don't need contracts, silly.

    You've got it backwards. Honest people don't have anything to fear from contracts. Honest people use contracts to ensure that their expectations and commitments are in writing.
  • gue_bariumgue_barium Posts: 5,515
    You've got it backwards. Honest people don't have anything to fear from contracts. Honest people use contracts to ensure that their expectations and commitments are in writing.

    Well, that's where we disagree then.

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    except by express written permission of ©gue_barium, the author.
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