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As you might imagine, the court dismissed the loan agreement and attempted repayment as suspect and incomplete.
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Former Full Tilt players will be happy to learn that the agreement includes the repayment of all Full Tilt Poker customers owed money by the company.
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Common sense dictates that without skin in the game, buyers lack the DNA necessary to fulfill their end of the loan agreement, the repayment part, and are far more likely to walk away and default because they have nothing to lose but a big blemish on their credit report.
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Any violation of this agreement may trigger the repayment of 50% of the bonuses previously paid.
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For instance, a written enforceable agreement, outlining the repayment terms of the loan.
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With great difficulty, President Bill Clinton had reached agreement with congressional leaders on the repayment of most of these arrears.
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On January 29th, that swift action helped South Korea reach a new agreement with international lenders on the repayment of its short-term debt.
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In this case, the performance between the parties and the Agreement on its terms strongly suggest that the parties did not actually intend repayment.
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