The Super Bank of Neoxian: daily contracts: 2018-07-04
This post contains two contracts.
The Bank of Neoxian shall loan the sum of 508 steem to @rhondak. They promise to repay 560 steem. They shall repay 70 steem per week until 560 steem is reached. The first payment shall be on 2018-07-12.
@rhondak shall hereafter be known as the lendee..
To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new active and posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
Owner key(s) will be returned upon successful completion of loan.
The Bank of Neoxian shall loan the sum of 200 SBD to @fbslo. He promises to repay 230 SBD in three weeks time.
@fbslo shall give the bank one Chromatic Dragon to be held as collateral. This collateral shall be returned when the loan is complete.
(Superman logo from https://upload.wikimedia.org)
Please sign below...
I agree.
Signed.
@neoxian,
Two big loans! Congratz and I hope all contracts might work well!
Cheers~
I have been away for a little while and great to be back to see the bank going stronger than ever :)
Does you bank also has bankruptcy filing option
How would this even work?
What happens if someone incurs a loss and is unable to pay the loan back?
If I have their Owner key, then I'll take their account and power it down and take the steem.
Have you had any client in the past to failed to payback the loan and if so how did you deal with the situation is what I'm curious about.. and do you also take someone's master key before providing the loan
Neoxian how are you? this super bank every day grows and strengthens much more, I send you many greetings from venezuela
Super Deal in Super Bank by Super NeoXian.
☕🍌
Congratulations @rhondak
Bank really helpful for steemit users! thanks Great Bank of Neoxian
Amazing choice sir neoxian you are great
Excellent animation i like it
Today you are a super neoxian bank, I like this