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Okay, so you're suggesting this seems to set a dangerous legal precedent with slippery slope potential? I still say it's just a loan. To your argument here, can
by ryusage 13y ago
Okay, so you're suggesting this seems to set a dangerous legal precedent with slippery slope potential? I still say it's just a loan. To your argument here, can her parents legally take out loans in her name? I don't actually know the law there, but I don't think a lawyer would have a hard time answering that.
To your earlier question about 51% or 100% of her salary, if an investor loans me $500,000 at 0% interest to pay back in 10 years, and I only make $50,000/yr, that would suck, but I'm not becoming a slave to that investor. I can't afford to pay that back, so I'm going to default on my loan. There's a huge difference between that and literally being owned by someone.