By Markus Allen
Founder of TruthIn7Minutes.com
Also known as the "Pottery Barn Rule", there's no legal statute on the books declaring, "You break it, you buy it" (at least here in the States)...
... That's because a valid legal contract has to be based on some exchange of value. The law calls this "consideration" - and there's nothing you get in return for the "you break it, you buy it" agreement.
On the flip side, a retail store could file a negligence claim. This type of law varies state to state... country to country.
Even if you break it and the store presses charges, you don't pay full retail price. In negligence cases, courts have you reimburse the wholesale price, not the retail price.
I spoke to the manager of a retail kitchen store that sells glassware. She told me accidents happen less than you'd think - and they typically don't hold their customers liable for it (unless is was on purpose).
My rule of thumb is simple - if a store has a "if you break it, you buy it" sign, I don't go into the store. This is just asking for trouble...
... And if someone in my family accidentally breaks something, I immediately bring it to the attention of the manager - I don't think I've ever had to pay for anything broken in my entire life (and it's happened a few times).
P.S. Have a look at my other investigations, videos and podcasts and get the real truth about life...