Posts tagged ‘E-Bay’
A Solution to the Problem of Consumer Contracts That Cannot be Understood by Consumers Who Sign Them
This study and report shows that the vast majority of consumer contracts in America are written with such complexity that the vast majority of Americans cannot read or understand them. One of the causes of the home mortgage meltdown, the lack of contract readabilty is a threat to our very economy. Dr. Eigen proposes a remarkably simple societal solution that costs virtually no public or private money, requires no additional people to implement, and is essentially self enforcing.