Terms, Conditions and Policies Subject to QA?

@paulmaxwellwalters asked the question recently:

should things like terms and conditions and payment/refund policies and processes be subject to risk management and QA?

@maiknog rightly pointed out that some of these things have legal basis and so we should leave the legal sides to the legal professionals but that there would

be moral and ethical implications though.

and that

Tester != Software Tester
We can test anything… concepts, sw/hw, emotions/psychology

This all got me thinking. What would reviewing policies like that look like to you?