However, I have to admit that this would be bold and dumb move by this company to practice such fraud if they really don't have a written contract. (law.stackexchange.com)
I think it's a really dumb move to save a few dollars. (sbnation.com)
After all, it would have been hard to lose money in 2012, even if you made a few dumb moves at the wrong time. (moneysense.ca)