Where to Buy a truck without Binding Aributration
having recently lost big time, I'm looking to buy my next truck where binding arbitration is not required. Anyone know any state, etc., where such is not required? In particular Nissan dealers.
Forum Discussion
It appears that a lot of people are not reading the contracts they are signing. :B They are pretty common in both sale and service contracts. From The Ohio Bar Association:
Understanding Mandatory Binding Arbitration in Consumer Contracts
"If you have a national bank-issued credit card, a cell phone services contract, or you have borrowed from a payday or auto title lender, purchased a new or used car, or signed a home improvement contract, your contracts may contain binding arbitration clauses.
Q: What is a binding arbitration clause?
A: Arbitration refers to an agreement between disputing parties to let an outside party resolve the dispute instead of using the court system. When the parties agree to follow the arbitrator’s decision, the arbitration becomes “binding.” When you sign a contract with a binding arbitration clause, you are agreeing to use arbitration to settle any disputes that may arise. You give up certain rights when you sign contracts with binding arbitration clauses."
Understanding Mandatory Binding Arbitration in Consumer Contracts
"If you have a national bank-issued credit card, a cell phone services contract, or you have borrowed from a payday or auto title lender, purchased a new or used car, or signed a home improvement contract, your contracts may contain binding arbitration clauses.
Q: What is a binding arbitration clause?
A: Arbitration refers to an agreement between disputing parties to let an outside party resolve the dispute instead of using the court system. When the parties agree to follow the arbitrator’s decision, the arbitration becomes “binding.” When you sign a contract with a binding arbitration clause, you are agreeing to use arbitration to settle any disputes that may arise. You give up certain rights when you sign contracts with binding arbitration clauses."
