Bushek signed a contract with Aluminum Window Products Company to replace the windows and wooden window frames of his house with new ones made of aluminum. The salesperson asked Bushek to sign a ‘routine form’ to help assure that credit would be granted. The following day he read the ‘routing form’ and discovered that he had, in fact, pledged the entire house as security, and if he defaulted on payments, the house could be taken from him.
My question is
1. Is the contract Bushek signed legal?
2. Does Bushek have the right to cancel the contract?
3. If Bushek decides to cancel the contract, is he liable for damages?
2007-07-19 07:44:39 · 7 answers · asked by Bri up 1 in Politics & Government ➔ Law & Ethics
bushkee had the right to read it before signing........hes SOL...in a court of law.......the salesman did his job...sold it, and guaranteed payment
one way or another.......
2007-07-19 11:46:35 · answer #1 · answered by DennistheMenace 7 · 0⤊ 0⤋
Sounds like the contract was essentially granting a home equity loan since the house was used as security. In that case, it would be governed by the Federal Truth in Lending Act and Bushek would have 3 days to rescind or cancel the contract in writing.
2007-07-19 14:51:23 · answer #2 · answered by jurydoc 7 · 0⤊ 0⤋
This is why you read before signing. Normally, anyone who works on a house is going to include something like this in the contract. It's similar to a contractor's lien. It sounds like it is legal, but your state law will control. Same with cancellation - state law will apply. Of course, Bushek could just make the payments and there will be no problem.
2007-07-19 14:50:22 · answer #3 · answered by John W 3 · 1⤊ 0⤋
1. the contract is legal
"remember read the contract - read the fine print"
2. you can cancel a contract within 48 hours if you change your mind...you will need to call them and put it in wiritng and fax it to them
3. if he meets the 48 hour deadline and cancels he is not liable.
good luck
2007-07-19 14:49:47 · answer #4 · answered by Blue October 6 · 1⤊ 0⤋
1) Maybe. Did he not read before he signed?
2) within 3 calendar days. Federal law.
3) within 3 days no. after that maybe.
2007-07-19 14:50:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
1. Yes
2. Before any work is done, yes.
3. Possibly, if AWP turned down business in order to do the Bushek job, they can probably recover that.
2007-07-19 14:56:03 · answer #6 · answered by Atavacron 5 · 0⤊ 0⤋
The White House? Bush doesn't own the White House, the American people do, or have you forgotten?
2007-07-19 14:52:05 · answer #7 · answered by Girly Q 4 · 0⤊ 0⤋