2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 399.01

+0.1%

Dec 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ilaine who wrote (76962)	7/29/2011 12:35:10 AM
From: Maurice Winn	1 Recommendation Read Replies (1) of 218644

CB, I'm not a lawyer, but when we studied contract law long ago as part of civil engineering education, one of the one of the laws of contract was that parties had to be mentally fit to form a contract. So, children and mentally defective people couldn't form a contract. Such purported contracts would be unenforceable. The people you are describing might be considered "normal" and able to form contracts, but if they are functionally illiterate and so cognitively incompetent that they have no chance of understanding the contract, then they are effectively as hopeless as the children and others. Of course it would not be reasonable to allow a get out gaol free card to people who would claim after the fact to be mental defectives. But I can see that judges might determine that some people were played for fools. That's as old as the hills so there is obviously plenty of case law over the matter and from what I've seen, many people who get into financial trouble knew what they were doing but don't like the result, which was supposed to be that they get rich quick with no effort, on borrowed money. Do you get some contracts rejected by judges as unenforceable due to obvious mental incompetence which creditors ignored in their formation of a contract? Mqurice Edt... speak of the Devil> regarding the article about Wells Fargo: < The Justice probe signals that the agency, after battling claims that it's been too easy on major mortgage firms in the wake of the financial crisis, may be toughening its approach. Its fair lending unit has about 60 open matters, >

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next