[Contract] Banking Agreement Cole_The_Crazy

Discussion in 'Denied Contracts Archive' started by gcoleman118, Sep 2, 2014.

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  1. gcoleman118

    gcoleman118 Resident
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    IGN:
    @Gmoneyman118

    Users Involved in this Contract:

    @Cole_The_Crazy
    General Purpose of Contract:

    Banking

    I (the contract initiator) agree to the following terms, and agree that my failure to complete such terms will result in a breach of contract, as outlined in Rule 3:

    I agree to provide @Cole_The_Crazy a bank account at "Gmo Banking and Metals" in exchange for him to never reach the point where a bill from a partnered shop owner/business partner exceeds his balance leaving him in debt. If he does go into the negative zone he will have 2 days to pay up or he will breach this contract. @Cole_The_Crazy also has to agree that he will be content receiving any money he withdraws from his balance in any form of bills available at the time meaning I won't breach the contract by giving him the equivalent of his account in lapis even if he deposited a diamond. For example if he withdraws 40 ,which in my bank equals a netherstar, then I could either give him a nether star or give him 16 diamonds (diamonds are 2.5).

    The other user(s) involved with this contract must agree to the following terms:

    @Cole_The_Crazy will get a bank account at "Gmo Banking and Metals" in exchange for him to never reach the point where a bill from a partnered shop owner/business partner exceeds his balance leaving him in debt.
    If he does go into the negative zone he will have 2 days to pay up or he will breach this contract. @Cole_The_Crazy also has to agree that he will be content receiving any money he withdraws from his balance in any form of bills available at the time meaning I won't breach the contract by giving him the equivalent of his account in lapis even if he deposited a diamond. For example if he withdraws 40 ,which in my bank equals a netherstar, then I could either give him a nether star or give him 16 diamonds (diamonds are 2.5).

    Disclaimer: If he makes a loan agreement prior to the debt on his account he may continue assuming he follows the loan contract correctly.

    Disclaimer 2: This contract doesn't expire unless Cole_The_Crazy asks to close his account which he cannot do if he is in debt or it is within first month of signing 9/2/14 - 10/2/14

    Disclaimer 3: Bills will not change after signing this as for these items they are as follows:
    Lapis .5
    Redstone .25
    Coal .2
    Iron Ingot 1
    Gold Ingot 1.5
    Diamond 2.5
    Money (server currency that has a value but is uncommonly used) .2/$1
    Netherstars 40
     
    #1 gcoleman118, Sep 2, 2014
    Last edited: Sep 2, 2014
  2. Cole_The_Crazy

    Cole_The_Crazy Builder
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    I, as another party to this contract, agree to the terms laid out for me to uphold, and understand that failure to complete such terms will result in a breach of contract:
    yes
     
  3. Mendiboi

    Mendiboi President
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    Thanks for making this contract, however some things need to be changed.

    Firstly, we need to know all of the items, the things you call bills, and their respective values for your bank.

    Secondly, we need confirmation that these values cannot change after this contract is approved. @Gmoneyman118
     
  4. Mendiboi

    Mendiboi President
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    Also,
    @Cole_The_Crazy

    You will need to approve again after the edits are made.
     
  5. gcoleman118

    gcoleman118 Resident
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    Nvm this post

    Contract edited apropriately
     
    #5 gcoleman118, Sep 2, 2014
    Last edited: Sep 2, 2014
  6. Cole_The_Crazy

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    I, as another party to this contract, agree to the terms laid out for me to uphold, and understand that failure to complete such terms will result in a breach of contract:
    yes
     
  7. Mendiboi

    Mendiboi President
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    Please specify exactly what the value of those bills will be. Also, edit this into the original post.
     
  8. gcoleman118

    gcoleman118 Resident
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    #8 gcoleman118, Sep 2, 2014
    Last edited: Sep 2, 2014
  9. Mendiboi

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    Contracts need to be as specific as possible, so we need to know the value of those items.
     
  10. Mendiboi

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    I have talked to other staff, and we will be requiring the items to be server priced.
     
  11. gcoleman118

    gcoleman118 Resident
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    Ok I see but how did the other one pass and I have written values example: Nether stars are 40 and 40 isn't 40$ on the server it's just 40 you could call them credits if you'd like but it's 40 as a number if you have a nether star and you give it to me and ask me to add it to your account then I make you go from whatever you have to that +40. It's quite simple but I lack a currency sign to put in front but I guess a netherstar can be ₮40 so it has a currency sign.
     
  12. gcoleman118

    gcoleman118 Resident
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    Ok so do the math if .2 = $1 then a netherstar 40₮ must be 200$ (bank currency exchange but as noted the dollar is uncommonly used but is more of an emergency exit of the system if contracts are breached)
     
  13. gcoleman118

    gcoleman118 Resident
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    Just so we can clarify what this is for it's because I am making a new currency "credits" and the reason why stuff like the items used to gain credits don't = server cash is because it's a new currency. The contract is so that I can give screenshots of people's transactions with me (the central bank) so I can get rid of debters.
     
  14. Mendiboi

    Mendiboi President
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    Higher level staff are now handling this, please wait for them to respond.

    @Dewsy92
     
    #14 Mendiboi, Sep 2, 2014
    Last edited: Sep 2, 2014
  15. gcoleman118

    gcoleman118 Resident
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    Ok understood. I do hope I can make a private currency without all the fuss. Some things though like needing each items value can be easily resolved with the command /worth and if you want to know credit value ask me or read this contract.
     
    #15 gcoleman118, Sep 2, 2014
    Last edited: Sep 2, 2014
  16. Mendiboi

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    We just want to make sure that we understand all the facets of this contract. We don't want to approve of something that we don't completely understand in order to prevent harm to both the contract initiator and interested parties. So please be patient while the higher ups review this case, I apologize for the wait or any other inconvenience.
     
  17. gcoleman118

    gcoleman118 Resident
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    It's fine I support the admins of this server but I hope if there are any problems we can find a solution before outright deny this contract.
     
  18. Dewsy92

    Dewsy92 Ex-Staff Team Troll
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    I believe that Physicistsmom has spoken to you regarding this contract, and I am going to lock it.

    Locked
     
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