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Another thing that can happen is D) you find something disturbing in the contract that you would like changed, and the business just cancels the transaction. A
by spott 11y ago
Another thing that can happen is D) you find something disturbing in the contract that you would like changed, and the business just cancels the transaction. Another guy will come in and lease the car and won't ask questions.
I'm not really sure how to fix this, or if it should be fixed. Is it a problem that I can't get phone service without agreeing to give up my right to a class action? It seems that it is: it allows companies to essentially have one sided contracts. I must abide by the rules of the contract or be taken to arbitration (where I will lose), but the company can feel free to break the contract whenever they wish. If I complain, we will go into arbitration and I will lose.
I suppose the way to fix it is to put legal controls on arbitration, but if enough controls are put on arbitration, it starts to look a lot like court, at which point, the value of arbitration has been lost. However, at the moment, the lack of controls make outright fraud much too easy.
Here is a question: can you sue the arbiter for a bad decision? It seems this idea isn't unheard of[0], but it is definitely not perfect.
[0]http://works.bepress.com/andrew_guzman/12/ http://works.bepress.com/andrew_guzman/12/