Fine S$100 for not returning loan product
It has come to the attention of the Broken Pitcher that a tech vendor have put a "Fine" in its loan agreement of a particular product.
The publication will be fined S$100/day if the loaned product is not returned on the stated date.
The Broken Pitcher wonders how would the rech vendor enforced that? Send the publication an invoice or release debts collectors on them?
Another interesting thought: If the product cost SGD500 and the publication kept it for 5 days and pays the fine of SGD500, does the product technically belong to the publication?
