Quote Originally Posted by JSL23 View Post
You are taking it way too literally. The point I was trying to make is how ridiculous this whole thing is. What I said about the funding contracts, however was dead serious. The agreement is between the Lender and the Merchant(no comment on that?). I know anybody can sue anyone for anything but until there are ISO agreements stipulating that one cannot stack behind any deals they fund together I do not see this holding up in court.
Correct. At the end of the day, it is the merchant who signs on the dotted line. but when he gets sued, he turns around and sues the stacking firm who told him it was OK, and "everyone is doing it"