This is not accurate. The renter never has points. The renter cannot make a reservation with the points. The contract is for the reservation, not the points. If the resort is closed the points revert to the owner. The renter has no way to use those points.The renter has control of points. I cannot do anything with those points or I will be in breach. David's cannot do anything with those points or they will be in breach. The party who has any control of those points and not be in breach is the renter. They direct the member on what to do with those rented points
Yes the renter has a reservation in their name by using the points they rented. If the reservation gets canceled, they still have the points and can go at a later time provided the points they have acquired has not expired.
My agreement say that a reservation is secured by using rented points. One side offered points for consideration the other side offered cash for consideration. Points are still available therefore the contract is not void.