Mortgage and Sales Contracts(almost)

I think this is what contract law has become a joke.. Anyone for a Night at the Opera? ------------------------------------------------------ Pay particular attention to this first clause because it's most important. It says, "The party of the first part shall be known in this contract... "as the party of the first part." How do you like that? That's pretty neat, eh? No, it's no good. - What's the... [more]

I think this is what contract law has become a joke.. Anyone for a Night at the Opera? ------------------------------------------------------ Pay particular attention to this first clause because it's most important. It says, "The party of the first part shall be known in this contract... "as the party of the first part." How do you like that? That's pretty neat, eh? No, it's no good. - What's the matter with it? - I don't know. Let's hear it again. "The party of the first part shall be known in this contract... "as the party of the first part." Sounds a little better this time. It grows on you. Would you like to hear it once more? Just the first part. What? "The party of the first part"? No. The first part of "the party of the first part." It says, "The first part of the party of the first part... "shall be known in this contract as the first part of the party... "Shall be known in this contract..." Why should we quarrel about this? We'll take it out. Yeah. It's too long anyhow. Now what do we got left? I got about a foot and a half. It says, "The party of the second part shall be known in this contract... "as the party of the second part." I don't know about that. - Now what's the matter? - I don't like the second party either. You should have come to the first party. We didn't get home till around : a.m. I was blind for three days. Why can't the first part of the second party... be the second part of the first party? Then you got something. Look, rather than go through that again, what do you say... Fine. I've got something you're bound to like. You'll be crazy about it. No. I don't like it. - You don't like what? - Whatever it is, I don't like it. Don't let's break up an old friendship over a thing like that. Ready? Okay. The next part, I don't think you're going to like. Your word's good enough for me. Is my word good enough for you? - I should say not. - That takes out two more clauses. - "The party of the eighth part..." - No, that's no good. - "The party of the ninth..." - No, that's no good, too. How is it my contract is skinnier than yours? I don't know, you must have been out on a tear last night. - We're all set now, aren't we? - Sure. Just you put your name down there, and then the deal is legal. I forgot to tell you, I can't write. That's all right, there's no ink in the pen. - But it's a contract, isn't it? - Sure. We've got a contract, no matter how small it is. Wait. What does this say here? That? That's the usual clause. That's in every contract. That just says, "If any of the parties... "participating in this contract... "are shown not to be in their right mind... "the entire agreement is automatically nullified." I don't know. It's all right. That's in every contract. That's what they call a sanity clause. You can't fool me. There ain't no Sanity Claus. [less]