Legal Question in Consumer Law in Florida
i purchased a golf equity membership for $45,000 about 10 years ago and was supposed to be able to get it back at 85% of whatever the equity was when i left the club. the club has now decided to give back only 1 equity for every 3 new members that join the club.....which means i will virtually NEVER get my equity or any portion of it back. is this legal for the club to change this agreement . i would currently become about #250 in line to get back their equity. the club is doing well financially and spending alot of money (they are not in financial trouble). they have the money and are just NOT returning equities when members resign. thank you!
2 Answers from Attorneys
You need an attorney to review your documents. You have described a scam, and you will need a forensic accountant to look at this golf club's books. This won't happen without a court order.
It all comes down to the fine print. See and attorney who does contract work or consumer law.
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