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Chapter 109 Debtors

Subtitle of this chapter: Bet with freedom!

"Clang, Clang."

Two bells rang at nyu's bell tower, reminding people that it was already two o'clock in the afternoon.

Our Master Yuan secretly felt regretful. Now there are only five hours left before the voting deadline at 7:00 pm. I would have thought of this idea earlier...

Yuan Yan suddenly stood up and said in an exaggerated tone: "Professor Adams, why are you here too?"

The 3KKKKK Knight held two contracts in his hand and coughed, "Didn't you hear you are gambled? I'll join in the fun."

The Chinese student of Teacher Knight took the contract and looked at it... nodded and said, "Well, the lively $2,500, thank you very much!"

Professor Adams blushed and took out another contract and said, "Mr. Yuan, don't worry, I have a plantation in my house, which must be worth $2,500. Look, this is a mortgage certificate."

"So I hope...you should understand."

As a student in the Department of Economics, Yuan Yanshu certainly understood the meaning of his good-looking man, "mentor".

Our Master Yuan’s ability to deceive is indeed a natural plane... it is not much worse than that of Xiaowang. But he casually said that he is a super rich second generation who is a famous family. Didn’t the nyu group believe it?

In fact, they really believed it. Of course, this is not because our Master Yuan has strong ability to deceive, nor because they were hit by the brainless aura. It is because in the early 20th century, on the surface, the Anglo-American legal system abolished the debtor imprisonment system, but it was still implemented in judicial practice.

The so-called debtor imprisonment system originated from the debt slave tradition in ancient Rome. The Roman 12 copper table law in the mid-5th century BC stipulated that for debtors who were unable to repay their debts overdue, creditors were allowed to lock them up with 15-pound shackles and imprison them for 60 days in the creditor's home. Moreover, creditors do not assume the obligation to provide food to the debtor.

And something very wonderful happened in medieval Europe, which can be regarded as one of the many dark history of Christianity.

According to the Bible, the prophet Moses opposed the tradition of debt slaves and regarded it as a kind of multi-theistic pagan custom. Moreover, in his covenant with the Jews, there was a system of protection for the debtors. Therefore, in the early Middle Ages, the system of imprisonment for debtors was greatly restricted.

But as the Catholic Church grew stronger, they became the largest creditors in Europe. So the clergy in the church pretended not to see the precepts in the Bible. The customs of ancient Greek and Roman pagans not only rekindled in Europe, but also received support and praise from the church.

As a result, the church became a helper for the judgment of debtors and imprisonment of debtors. In the Middle Ages, bankrupts who could not pay back their money could not become Christians, and even if they died, they could not be buried according to religious rituals.

Then we talk about the Anglo-American legal system, which originated from the Anglo-Saxon customary law, and there was a system of debtor imprisonment. By the 14th and 15th centuries, this system was further developed in Congress legislation. During this period, all common law courts allowed the use of physical enforcement and arrests in civil proceedings.

Since then, the British, which implemented common law, enforced the personal enforcement of debtors by the United Kingdom, was more common and strict than other European countries that implemented civil law.

Okay, then another extremely wonderful thing will happen in the New World.

Many immigrants who left England to immigrate to North American colonies were originally debtors or those who were afraid of being arrested by their creditors. Logically speaking, the first generation of immigrants who suffered should be relaxed in penalties on their debtors.

But they not only copied the English system in full, but even punished debtors even more severely.

Finally, let’s take a closer look at the situation of Yuan Yanshu. If he doesn’t say he is a super rich second generation, he can still apply for personal bankruptcy when he can’t pay the huge sum. However, he said it in public and could not pay it again. This is the so-called “disgraceful debtor”, and this is an obvious fraud.

Given that he was also a Chinese at the same time, it was difficult to get sympathy from judges and public opinion. Then, according to the laws of New York State at this time, our Master Yuan would be arrested and jailed. And he might have stayed in it all his life.

So in fact, neo-yuan is taking half of his life's freedom as a bet. This makes others unbelievable.

Then Professor Adams understands the meaning very well. He is not worried about not getting the money, but requires priority repayment. He is worthy of being a university professor who studies banking, and he has thought of it.

"I understand what you mean. Please rest assured, Professor."

Yuan Yan smiled slightly, turned to John and said, "Mr. McCall, you happen to be here. Please draft a mortgage certificate for me. I will use my real estate in China as collateral to pay Mr. Adams' bet first."

Not to mention, his great nephew Yuan Hongjian really has a property in the Demon Capital. Although the area is small and the area is not good, its value must be much more than US$5,000. Unfortunately, the property in the Demon Capital was a hundred years later, so now he is getting further and further on the road to fraudsters.

"Very good!" Our Master Yuan took the mortgage certificate written by Mr. McCall, looked at it in a hurry, picked up the pen and signed his name "Swishu".

He turned his hand and handed it to Mr. Baker and said, "Louis, stamp it. Also, Professor Adams will be exempted from the five dollars."

"Thanks……"

Just then, a noise came from outside, attracting the attention of everyone indoors.

"I'll go out and have a look!" Women always like to watch the fun. Miss Helen Brown rushed out the first time, but she immediately shrank back.

The young black-haired beauty said ately: "There are so many people outside!"

"They...they're still quarreling!"

"This matter...this matter is going to be a big deal!"

"Good things" like $2,500 in the sky are not something that happens every day. This news has not been long-legged and has spread throughout the city. The students and teachers who came to "picking money" after hearing the news have long been from Wuyang.

Although our Master Yuan said that one person can only sign a gambling bill, everyone is not a fool. This Chinese who has been foolish did not say that he could not greet relatives and friends.

What else can I say? Call someone!

nyu is the only university in the United States located on the most prosperous Manhattan Island in New York. There are naturally many people around and the transportation is naturally very developed. People who come here as soon as they get the news have arrived one after another.
Chapter completed!
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