Term tuition

Definition

Money taken before the lessons are given, which no statute read here governs.

Why It Matters

This is the trade where the answer is an absence, and the absence is sharp. Ohio regulates prepaid dance lessons and prepaid martial arts lessons by name and does not reach prepaid piano lessons. Washington's health studio law covers services that promise to improve a body. California and Florida both exempt purely avocational programs from their education acts. So nothing caps the term, nothing caps the prepayment, nothing sets a refund, and no bond or trust account stands behind the money. A buyer inheriting a book of paid-ahead terms is inheriting a promise governed only by the contract the seller wrote, which makes that contract worth reading before the deferred revenue is priced.