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No, if I borrow your car (as a loan, with 100% interest) and refuse to pay it back, the court can seize the one car car, or order me to pay restitution in dolla
by judk 13y ago
No, if I borrow your car (as a loan, with 100% interest) and refuse to pay it back, the court can seize the one car car, or order me to pay restitution in dollars. If I offer the dollars, it can't compel me to produce another car or give you a piece of my house instead.
- betterunix 13y ago"If I offer the dollars, it can't compel me to produce another car or give you a piece of my house instead." Sure, but if you cannot (or simply do not) pay your creditors with dollars, the courts can give them a (figurative) piece of your house/car/computer/etc.: https://en.wikipedia.org/wiki/Lien https://en.wikipedia.org/wiki/Lien
- judk 13y agoYes, figurative. A lien is an attachment, payable in DOLLARS when the encumbered item is sold. Siezing property happens as a last resort, but doesn't undermine the fact that a debtor can ALWAYS choose to settle a debt in dollars, and can NEVER compel the lender to accept payback in gold or BTC or potatoes.