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What if am an expert who understands the pricing of loans and understands the risks, but I make a personal loan to a friend? Is it immoral to not try and pay it
by hsod 10y ago
What if am an expert who understands the pricing of loans and understands the risks, but I make a personal loan to a friend? Is it immoral to not try and pay it back then?
Isn't repaying your debts (or attempting to) morality 101 stuff? You made an agreement and received a benefit from your counterparty.
Just because someone thought you might default doesn't relieve you of your obligations. I lock my doors because I think someone might break in, that doesn't mean I've "priced in" my TV being stolen so it's OK to take it.
- yequalsx 10y agoThe comparison to a locked house is not apt. It would be apt if I made an agreement with the thief that specified what happens if I willingly decide to leave the door unlocked. When there is a contract it becomes civil legal matter and morality does not come into play.