Say you buy a software. There is a term in the term of service that you got to pay $1 million dollar/become sex slaves, etc.
To what extend companies can do that?
There are 2 cases where something like this happen in real life.
In Sim Lim case, somewhere hidden in the contract there is a writing that user agrees to pay $30*12 insurance fee.
Why they write $30*12? Why not write $3600? Yea it's there to deliberately make the fee unclear. Unsuspecting user sign and is reduced in tear.
In Indonesia, many insurance agency would write that there is acquisition fee of say 100% from basic premi. They didn't write the dollar amount. They write it in terms of percentage.
That acquisition fee can be 100 times higher than the normal price of insurance if bought separately.
Most customers do not even know they have high premium. Their agent simply say that all money are invested.
Indonesian lawyers say it's legal and common in insurance industry in Indonesia. I've heard it's common in unit link in other countries too. Is it?
What defense do we have against such companies?