View Single Post
  #2   Report Post  
posted to rec.boats.cruising
cavelamb cavelamb is offline
external usenet poster
 
First recorded activity by BoatBanter: Dec 2006
Posts: 796
Default I suppose I should ask a lawyer, but...

Pat wrote:
Anybody ever bought a brokered boat and refused to sign an arbitration
agreement in the sales contract?
Some if not all seem to put it into their contracts. With it, you give
away your right to seek recourse in court--though your're making a
very substantial purchase. Instead you have to agree to arbitration by
the American Arbitration Association, a company that the broker
contracts with to settle disputes--and who's apparently been in some
trouble recently over alleged bias.
I don't mean to be asking for legal advice here, but do others share
my misgivings about this? Or am I worring too much about a
technicality? Anybody ever refuse to sign that part of a purchase
agreement?
Pat



Yep, every time.

But that usually means no sale...