--- On Fri, 9/5/08, Michael Pollak <mpollak at panix.com> wrote:
> From: Michael Pollak <mpollak at panix.com>
> Subject: Re: [lbo-talk] legal question
> To: "lbo-talk" <lbo-talk at lbo-talk.org>
> Date: Friday, September 5, 2008, 1:53 PM
> On Fri, 5 Sep 2008, Wojtek Sokolowski wrote:
>
> > My question is: if a telecom company changes the terms
> of a long term
> > contract before its expiration in a way that affects
> the price (e.g. by
> > reducing the "discout" rate it was giving
> when the contract was signed,)
> > does this constitute grounds for early termination of
> that contract
> > without paying early termination fees?
>
> If credit cards can change your interest rate from 10% to
> 30% on a
> mountain of debt you've already contracted -- and they
> can -- I can't
> imagine telecom companies can't do this. All it would
> require would be a
> footnote in the small type section saying that you accept
> that something
> like this might happen in the future. And I'll bet you
> a new phone it's
> in there.
>
> Michael
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