I can see the headline now "Developer gets screwed"
Yeah, and not just the developer. All the little contractors that the developer owes money to. The developer only went ahead because all you blokes signed the contracts.
The reason I mentioned the wheat and farmers was because that is a situation I know about. The wheat growers made a bad decision. But at the other end of that contract was some little small business owners who probably had some contracts signed with Woolworths or what ever commiting them to deliver a product. They knew they had to secure grain at $200 a tonne to make their own profit.
If the farmers got out of their contracts, then those next in line would have to buy grain at $400 a tonne instead at $200. So then they go bust. Contracts are there to protect business owners from getting screwed, otherwise they would be screwed all the time.
It's strange that on the 'reflections of the Perth market' your bragging about how well you did from the boom, but then here your trying to diddle some business people out of their hard earned. Fairs fair I say.
See ya's.