Court Says: Reader and Signer Beware
Aaah….the perils of not reading what you sign. In GECMC 2006-C1 Carrington Oaks v. Weiss and Beyman, the North Carolina Court of Appeals recently held a party to a signature on a guaranty agreement and the consequences arising therefrom. After seeing that Weiss failed to deny that he signed the guaranty form and instead argued that he should not be held to the terms of a consent to jurisdiction clause because did not realize what he was signing, the Court held Weiss to what he signed. In the final page of the opinion the Court recited a long line of principles and cases affirming the caveat of “reader and signer beware.”
If you are presented with a contract or agreement be sure to read and understand it before signing. Ask questions if you feel the need. Ask for more time to read the contract, if possible. If at all possible, ask to review a copy of the contract a few days or hours before you actually are requested to sign. But whatever you do make sure you understand and agree with what you are signing. If you have questions about a contract you are requested to sign or are having issues relating to a contract you have already signed you should consider contacting an attorney for a contract review.