Chjunior,
The binding everywhere looks fine to me. On the headstock there's a little hair-width pencil mark behind the paint, but I mean come on... The guitar is already bashed up from everyday practicing. Belt buckle scratch and dings everywhere on the back. It's nitrocellulose - So I think the paint will be coming off pretty quick.
I'm sorry to read about your experience. It must be disappointing to shell out the big bucks for ugly binding.