| Topic: | Re:Re:Re:Supreme court backs bankers | |
| Posted by: | Alan Clark | |
| Date/Time: | 25/11/09 14:22:00 |
| I thought, and it looks like the law courts agree, that caveat emptor applied in the purchase of goods and services. You buy the services of a bank, even if it is a free service, and you sign up to a contract. If people do not read the terms of these contracts or understand the implication of them and of going into overdraft - then as the latin phrase says, beware. The supplier has no need to justify charges - except at the time of agreeing the contract of service ... and at that point the buyer can always decline the service if they believe the justification is weak. |