6
Before submitting an order to Eagle, customers began working
with Eagle’s engineering department, selected the final design,
and obtained financing. Eagle produced the blueprints. Some
customers wanted different floor plans, different windows, or
windows in different places than shown on the original plans.
Eagle's engineers prepared the blueprints accordingly.
b. Back Deposits
If a customer did not pay for the house or arrange for
financing within 60 days, the purchase agreement stated that he
or she could pay a second deposit ($4,000, increased to $5,000 in
1991), which Eagle and its customers called a "back deposit" or a
"back". The purchase agreement stated that back deposits were
nonrefundable. Eagle paid commissions of $450 to the person who
was responsible for the sale when it received a $5,000 back
deposit. The purchase agreement provided that if a customer paid
the back deposit, full payment could be made any time until 15
days before the house shipment date. The agreement is silent
about what would happen if a customer failed to pay in full at
that time.
The purchase agreement states that it is the entire
agreement between the parties respecting the purchase of an
Eagle's Nest house.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011