Multiple deposits? Good idea/bad idea? Why?

higherlead
Sun, 01 Apr 2007 15:46:59 +0000

I thought the airline example was pretty close. The same goes on with Real Estate. The point is the deposit is the assurance the student/family give for the promise of a spot in the Fall. If the school fails to fulfill the promise then they have to return the deposit. If the student fails to show then they forfeit the deposit. If either side breaks the contract the other does not have carte blanche to pursue retribution in another forum unless that was specifically agreed to in advance ala ED admissions. If the school does work in concert with their competitors to pursue extralegal (outside the courts) retribution from a third party I think there is probably a case.

Full disclosure - I am definitely not a lawyer so DON’T take my legal advice. But if you do find yourself in a situation where you have been blackballed for double depositing you might want to consult someone who is a lawyer. Oh and you’ve don a rather sleezy thing in my view, but that doesn’t give the schools the right to do something just as sleezy.