Legal Question in Business Law in Texas

I was given a verbal agreement before signing a contract for a loan to begin a school. The school guaranteed a job at the completion of graduation. I along with over 20 other students and some parents can testify to the same verbal agreement. Not a single student that has graduated has been given a job, and now they are expecting us to pay the 850.00 monthly bill for the loan. The only reason we signed the contract and loan, was because we were told we would have a job to pay it. I was wondering what kinda of measures should be taken as far as a class action suit or other mean. Also I would like to sue for cost of attending the school (rent for apartment i would not have had to have) and damages for misleading information as far as the 10 months of school I wasted my time and money on.


Asked on 4/14/10, 6:47 pm

1 Answer from Attorneys
Charles Williamson Charles J. Williamson, Attorney At Law

Seems to me that if the guarantee of a job was the main reason for signing the loan agreement, then you would have had the common sense to get this spelled out in the agreement. If there is an "incorporation clause" in the agreement (typically says that only what's contained in the written agreement is the whole agreement between the two parties), which there probably is, then you're going to have a tough road to hoe to get this mess straigthened out. You will need an attorney work with through this.

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Answered on 4/19/10, 6:57 pm


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