I shook my head in bemusement over this story.
See also (list is generated automatically):
- LOI Disclaimer Clause Rescues Investment Bank Many letters of intent contain a clause stating that the parties do not intend to enter into a contract at that time and that neither...
- Words prevail over numbers, so bank loses $693,000 Ken Adams reports on a Houston court of appeals case: A bank sued to recover $1.7 million from defaulting borrowers and their guarantor and won on summary...