Many hosting companies say that they offer "Unlimited disk space/bandwidth." Obviously this is impossible, but the people who purchase it believe it. In the Terms Of Service of these companies it clearly states that they have a maximum amount of space that can be used. Business often take advantage of the fact that people do not read the TOS.

I will admit, that when i get a screen where i am supposed to agree to the information, i normally just scroll down passed it or skip it and agree. There is always pages on pages of reading.

yes, everyone needs to read terms and condition

Including you.

Well, It depends on importance I'd say. If its just a TOS for some software I'd scroll it because I've already paid for it(or not ) but if we are talking about hosting services I always read content and payment rules