5 ms·
the letter but not the spirit, like Amish workers using batteries
by nickpeterson 2mo ago
the letter but not the spirit, like Amish workers using batteries
- inigyou 2mo agoIt's concretely different. If the house becomes worthless, the "borrower" can walk away from the contract, owe nothing, and the bank keeps the house. The bank had better consider the value of the house, not just the ability of the "borrowed" to pay, when issuing this contract.