Evade The Hero and Flee!
Chapter 274
Chapter 274
- It’s best to start by drawing bigger picture (7)
When a debtor does not repay their debt to a creditor in a transaction, it refers to a third party who has provided a guarantee having to take on the debt.
In short, they have to repay someone else’s debt instead.
How foolish is this?
Let’s say I provide a guarantee.
If the person I guaranteed succeeds in business thanks to my guarantee, will anything come back to me? Even if something does come back, how much will come back?
It could be repaid with a single meal, or I could receive a stake in the company.
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