[Contract] Loan

Discussion in 'Denied Contracts Archive' started by ChargerBoltz5, Jun 20, 2016.

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  1. ChargerBoltz5

    ChargerBoltz5 Builder
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    IGN:
    @ChargerBoltz5

    Users Involved in this Contract:
    @twistedjonny and @ChargerBoltz5

    General Purpose of Contract:
    Safe transfer of a loan of $300,000 from @ChargerBoltz5 to @twistedjonny

    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, @ChargerBoltz5, agree to provide @twistedjonny a sum of $300,000 EcoDollars no later than 24 hours after the approval of this contract.
    I, @ChargerBoltz5, will place a trade sign at /warp dairyland (at /tppos -11089 65 11890 in Legacy) no later than 24 hours after the approval of this contract. The sign will include 19 torches costing $25,000 each.


    The other user(s) involved with this contract must agree to the following terms:
    @twistedjonny agrees to confirm the receiving of $300,000 no later than 24 hours after the approval of this contract.
    @twistedjonny agrees to pay $375,000 to me, @ChargerBoltz5 , to the trade sign described above, in full no later than 02 August 2016 at 11:59pm EST. @twistedjonny understands that @ChargerBoltz5 reserves the right to file a complaint for breach of contract should the loan not be paid off on time.


    I agree that the terms in this contract are subject to all of EcoCityCraft's rules, including the rules listed specifically in this forum. I understand that the contract may be affected by future changes in EcoCityCraft rules and server updates, and I accept that due to the possibility of such changes, this contract may be at my own risk. I understand that the contents of this contract are subject to staff assessment, review and approval before it is a binding contract under EcoCityCraft rules. I accept that action may not be taken in case of a breach of contract if appropriate and sufficient evidence is not provided of such:
    I agree with these terms.
     
    #1 ChargerBoltz5, Jun 20, 2016
    Last edited: Jun 20, 2016
  2. twistedjonny

    twistedjonny ECC Investor
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    IGN:
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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:
    I @twistedjonny agree to the terms laid above me!
     
  3. SimsElemental

    SimsElemental Builder
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    Just a couple of things before this contract can be approved;
    @ChargerBoltz5 You say the loan you are giving is worth 300k, and that:
    But then you say:

    Which would mean that @twistedjonny is paying you back 475k.
    What is the actual amount twisted will be paying you back on this loan? If it's 375k, there needs to be 15 torches worth 25k each in the sign.

    Once you have clarified and changed this, @twistedjonny will have to re agree
     
  4. twistedjonny

    twistedjonny ECC Investor
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    Good catch, I breezed through it. I'm such a sucker! Just cancel this one thanks :)
     
  5. SimsElemental

    SimsElemental Builder
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    Locked - Contract Cancelled/Voided
     
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