verbal agreements vs. contracts

13

Comments

  • blackredyellowblackredyellow Posts: 5,889
    mammasan wrote:
    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.

    I kind of want to know how he/she is online? I had to sign something for my cable internet at home, and I had to sign a usage agreement here at work (which I am obviously not abiding too :) )

    edit: nevermind... i saw your answer in an earlier post....1
    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
  • ooooooooh shit!

    If you go back and read the small print P.J. owns 50% of everything we have.
    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_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.

    Solution: Join the mafia, where your word is your life.
    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
    If you go back and read the small print P.J. owns 50% of everything we have.

    based on the amount of money that I have spent in the past 10+ years of my life because of Pearl Jam, I would say that's about right :)
    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
  • hippiemomhippiemom Posts: 3,326
    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.
    Exactly. Contracts ensure that all parties know exactly what is expected of them, and what they may expect in return. Even when all parties are honest, a contract can avoid costly misunderstandings.
    "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." ~ MLK, 1963
  • gue_bariumgue_barium Posts: 5,515
    If you go back and read the small print P.J. owns 50% of everything we have.

    I'm not looking for solutions to this. I was just looking to see how my opinion stacked up against the norm.

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  • gue_bariumgue_barium Posts: 5,515
    hippiemom wrote:
    Exactly. Contracts ensure that all parties know exactly what is expected of them, and what they may expect in return. Even when all parties are honest, a contract can avoid costly misunderstandings.

    As long as bankers and lawyers are kept out of it, I can see myself signing a contract as long as I have a hand in writing it up.

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  • hippiemomhippiemom Posts: 3,326
    gue_barium wrote:
    As long as bankers and lawyers are kept out of it, I can see myself signing a contract as long as I have a hand in writing it up.
    You can always have a hand in writing it up. You cross out what you don't agree to, and write in what you find necessary. As long as all parties initial all of the changes and sign it, you're all set. Of course, if you don't know what you're doing you might render the entire thing unenforceable, but I guess that's the risk you'll have to take if you want to keep the lawyers out.
    "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." ~ MLK, 1963
  • jlew24asujlew24asu Posts: 10,118
    gue_barium wrote:
    More of a verbal agreement, I think.


    marriage is a contract.
  • gue_bariumgue_barium Posts: 5,515
    hippiemom wrote:
    You can always have a hand in writing it up. You cross out what you don't agree to, and write in what you find necessary. As long as all parties initial all of the changes and sign it, you're all set. Of course, if you don't know what you're doing you might render the entire thing unenforceable, but I guess that's the risk you'll have to take if you want to keep the lawyers out.

    Oh, come on, that's not how it works for the majority, and you know it. A couple goes into the bank for a home loan, a home they really need to raise a family in...where is that thread that was posted a few days ago about all the default mortgages? that's the reality of the contracts I'm talking about avoiding, and the reality that it is easy pickings for the banks and the way our laws are made.

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  • gue_bariumgue_barium Posts: 5,515
    jlew24asu wrote:
    marriage is a contract.

    I'll have to see you in person before I decide on that. :)

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  • hippiemomhippiemom Posts: 3,326
    gue_barium wrote:
    Oh, come on, that's not how it works for the majority, and you know it. A couple goes into the bank for a home loan, a home they really need to raise a family in...where is that thread that was posted a few days ago about all the default mortgages? that's the reality of the contracts I'm talking about avoiding, and the reality that it is easy pickings for the banks and the way our laws are made.
    You didn't specify that you were talking about predatory mortgage contracts. You were talking about contracts very generally, and there are thousands of excellent reasons for signing them. Are there bad contracts? Of course there are. Are they all bad? No, most of them are beneficial to all parties.
    "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." ~ MLK, 1963
  • gue_bariumgue_barium Posts: 5,515
    hippiemom wrote:
    You didn't specify that you were talking about predatory mortgage contracts. You were talking about contracts very generally, and there are thousands of excellent reasons for signing them. Are there bad contracts? Of course there are. Are they all bad? No, most of them are beneficial to all parties.

    I think the banks are predatory.

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  • hippiemomhippiemom Posts: 3,326
    gue_barium wrote:
    I think the banks are predatory.
    So what is this thread about, banks or contracts?
    "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." ~ MLK, 1963
  • gue_bariumgue_barium Posts: 5,515
    hippiemom wrote:
    So what is this thread about, banks or contracts?

    Financial contracts with the banks, perhaps, and the laws/lawyers that make financial predation acceptable in this country. That would be most of the Washington, DC contingent, you know, our representative government.

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  • hippiemom wrote:
    So what is this thread about, banks or contracts?

    neither....verbal agreements :D
    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
    neither....verbal agreements :D

    Finally!

    This moment brings a tear to my eye.

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  • hippiemomhippiemom Posts: 3,326
    gue_barium wrote:
    Financial contracts with the banks, perhaps, and the laws/lawyers that make financial predation acceptable in this country. That would be most of the Washington, DC contingent, you know, our representative government.
    I really don't understand how we got here from the thread title. You're not suggesting that anyone lend hundreds of thousands of dollars based on a verbal agreement, are you?
    "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." ~ MLK, 1963
  • JOEJOEJOEJOEJOEJOE Posts: 10,608
    gue_barium wrote:
    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.

    You don't carry a credit card?......even if you don;t like to use it, it is handy in an emergency.

    do you not have a retirement plan?...that involves entering into a contract.
  • JOEJOEJOEJOEJOEJOE Posts: 10,608
    vergal agreements aren't worth the paper they are printed on!

    thats an old saying!
  • gue_bariumgue_barium Posts: 5,515
    JOEJOEJOE wrote:
    You don't carry a credit card?......even if you don;t like to use it, it is handy in an emergency.

    do you not have a retirement plan?...that involves entering into a contract.

    Retirement? What's that? And why all these questions directed at me, personally?

    I know the world is a fast-moving place, but I just like to think there are simpler ways to conduct our day-to-day affairs than with the interference of banks, lawyers, insurance and all those undeciferable contracts they want you to sign.

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  • JOEJOEJOEJOEJOEJOE Posts: 10,608
    gue_barium wrote:
    Retirement? What's that? And why all these questions directed at me, personally?

    I know the world is a fast-moving place, but I just like to think there are simpler ways to conduct our day-to-day affairs than with the interference of banks, lawyers, insurance and all those undeciferable contracts they want you to sign.

    My friend, you started a thread regarding your unconventional ways of handling your affairs...of course people will direct questions towards you. Its not a knock on ya, just people being curious to your off-the-beaten-path methods.
  • gue_barium wrote:
    Retirement? What's that? And why all these questions directed at me, personally?

    I know the world is a fast-moving place, but I just like to think there are simpler ways to conduct our day-to-day affairs than with the interference of banks, lawyers, insurance and all those undeciferable contracts they want you to sign.

    Identity theft should merit capital punishment to this effect.
    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
    Identity theft should merit capital punishment to this effect.

    That went over my head.

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  • JOEJOEJOEJOEJOEJOE Posts: 10,608
    gue_barium wrote:
    Retirement? What's that? And why all these questions directed at me, personally?

    I know the world is a fast-moving place, but I just like to think there are simpler ways to conduct our day-to-day affairs than with the interference of banks, lawyers, insurance and all those undeciferable contracts they want you to sign.

    Auto insurance is needed because 99% of the world would not be able to pay the needed medical/auto repair costs in the case of a huge accident, and its not fair if someone damages your car or your body without having to be responsible.

    Without banks, barely anyone would be able to buy a house. Lawyers are the ones who make sure you don't sign those undeciferable contracts.

    If you are injured at your job, and the company won't make things right, lawyers know how to assist you.

    If a poor family is being evicted, a lawyer may be able to help them.
  • gue_barium wrote:
    That went over my head.

    Just that the trust factor went out the window when you sometimes have no idea who you are dealing with even with proof of ID. The few always ruin it for the many.

    I wish this world could operate on trust and verbal agreements.
    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
    JOEJOEJOE wrote:
    Auto insurance is needed because 99% of the world would not be able to pay the needed medical/auto repair costs in the case of a huge accident, and its not fair if someone damages your car or your body without having to be responsible.

    Without banks, barely anyone would be able to buy a house. Lawyers are the ones who make sure you don't sign those undeciferable contracts.

    If you are injured at your job, and the company won't make things right, lawyers know how to assist you.

    If a poor family is being evicted, a lawyer may be able to help them.

    Auto insurance is required by law in most states, but not all. And it's an awful, over-priced racket in most places, i think.

    "Without banks"? Where do the banks get their money for those home loans? It isn't the bank's providing you a home, it is you who are working that is.

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  • gue_bariumgue_barium Posts: 5,515
    hippiemom wrote:
    I really don't understand how we got here from the thread title. You're not suggesting that anyone lend hundreds of thousands of dollars based on a verbal agreement, are you?

    I am suggesting that the people in this country are undeniably becoming more and more dependent on more and more contracts from outside sources to conduct their day to day affairs, and I think it stinks. Most of those contract interests are tied in with a larger financial network that has nothing to do with you or me.

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  • JOEJOEJOEJOEJOEJOE Posts: 10,608
    gue_barium wrote:
    Auto insurance is required by law in most states, but not all. And it's an awful, over-priced racket in most places, i think.

    "Without banks"? Where do the banks get their money for those home loans? It isn't the bank's providing you a home, it is you who are working that is.

    Yes, the people put their money in a bank, and the bank then loans it to home buyers.....the bank serves as the middleman, since it would be difficult for a homebuyer to find an individual who would loan them $700,000 to buy a house. In turn, it would be difficult for an investor to administer a loan they'd make to a homebuyer...imagine the legal nightmare if the individual investor would have to foreclose on the loan. Banks act as a skilled intermediary.
  • gue_bariumgue_barium Posts: 5,515
    JOEJOEJOE wrote:
    Yes, the people put their money in a bank, and the bank then loans it to home buyers.....

    wrong.

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