But then Alice would like just as much to sell the collateral and not take part in the bet.
As I pointed out on the original post, if the collateral is something like a house, you can have your loan and live in it too.
Only assuming the collateral has no value. I wasn’t saying that Bob should take possession immediately, just a lien and/or the title.
But then Alice would like just as much to sell the collateral and not take part in the bet.
As I pointed out on the original post, if the collateral is something like a house, you can have your loan and live in it too.
Only assuming the collateral has no value. I wasn’t saying that Bob should take possession immediately, just a lien and/or the title.