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Chapter 153 Debt Bill

Chapter 153 Bill of Obligations

"According to the Kingdom's Succession Rights Act, since Morsan Field's eldest son Albert Field and second son Claude Field have reached adulthood and have signed a declaration giving up their inheritance rights, according to Morsan Field's lifetime

The legal heir to the will left behind is his third son Blovik Field. If you have no objections, please sign your name on this will execution certificate for notarization."

Mr. Korff, the judicial supervisor of the town office, put the three testament execution certificates written on most of the paper on the table with a solemn face. Several of Mr. Morsand's friends during his lifetime, such as the former patrol supervisor Mr. Thomas and others, came on the table.

Sign your names on it one by one.

Director Caulf is an anomaly in the town office. He has few friends in White Deer Town. He has always been a loner and rarely makes friends with his colleagues. However, this is also a characteristic of the kingdom's judicial officials. After Sterling IX ascended the throne,

Among the reforms carried out in the kingdom, the most commendable is the independence of the judicial system from the jurisdiction of local officials to ensure the fairness and strictness of the law.

After everyone signed, Director Kaulf took out the judicial seal of the town office and stamped it on the three will execution certificates. Then he picked up a pen and signed his name and date on the seal. Then he executed one will

The testimony was given to Claude next to him, and the other two copies were put into the leather bag he brought.

From this moment on, Blovik Field, who was only eight years old, became the head of the Field family.

But this was not over yet. Director Kaulf took out another document: "The inheritance left by Morsan Field is a four-story red brick building in the Hogo style and a personal debt worth five hundred gold crowns.

.In view of the fact that his legal heir, Blovik, is underage, his estate will be managed by his mother, Mrs. Berticia Field, until Blovik becomes an adult at the age of eighteen. If no one has any objections, please contact us.

Sign your names on it as a witness."

So everyone signed their names again.

In Claude's opinion, this world is a bit messy, and the phenomenon of male superiority and female inferiority is very serious. Just like after his father committed suicide, he discovered that neither his mother nor his sister had the right to inherit. In this other world, women have only become vassals of men.

For example, the inheritance law of the Kingdom of Ovelas stipulates that men are the priority for inheritance. Only when the male heir gives up his inheritance rights will it be the turn of the women in the family, or if there is no male heir in the family, the inheritance rights of the elders will belong to the female heirs.

.

If Claude's brother Blovik has also reached adulthood and he gives up his inheritance rights, then Mr. Morsan's inheritance will be his mother and sister Angelina.

In Claude's opinion, the extreme inequality between men and women is very normal in the eyes of his mother. Just like a woman getting married, if she marries a commoner, she can only be a commoner. If she marries a citizen, she will be the national lady.

She also enjoys national treatment. After her father committed suicide, her mother also lost her qualifications as a national lady and became a civilian woman.

The highlight came at the end. Director Kaulf picked up the IOU of five hundred gold crowns and announced: "Since the debtor Morsan Field committed suicide, the debt of five hundred gold crowns during his lifetime will be transferred to his legal heir Blovik.

Field's inheritance. According to the Kingdom's Creditor's Rights Act, since the heir Blovik Field is underage, the debt will be re-determined and then frozen until the heir reaches adulthood. Due to the huge amount of the debt, the heir of the debt must be judged within his or her lifetime.

Repay within ten years after adulthood..."

This is the real reason why Sir Fox was so furious after hearing that Mr. Morsan committed suicide. He was tricked by Mr. Morsan with his own life. Let the underage Blovik become his successor, then according to

The Kingdom's Creditor's Rights Act stipulates that this debt of five hundred gold crowns must be repaid until young Blovik reaches adulthood. And young Booker is only eight years old this year, and he will have to wait ten years until he reaches adulthood at eighteen.



During these ten years, because the debt was frozen, the big red brick house still belonged to the Field family, and all its rental income belonged to Booker. In addition, because the amount of debt was too large, it was difficult to determine the creditors and new debtors.

After the relationship, the repayment period of the re-signed IOU was judged to be within ten years after the debtor came of age. In other words, as a creditor, Sir Fox would have to wait at least twenty years to receive the amount of five hundred gold.

Crown debt.

Sir Fox is already sixty-one this year, and he still doesn’t know if he can live another twenty years. The only good thing is that this debt has been recognized by the laws of the kingdom after being re-determined and notarized, proving that the value of the debt is as high as five hundred gold crowns.

The debt did exist and was not the unsecured IOU that he had set up to trap Mr. Morsan.

After Stirling IX ascended the throne, he went deep into the people and understood the sufferings of the people when he was young. Therefore, when carrying out the financial reform of the kingdom, he forcefully introduced the Creditor's Rights Act, which tied the wild horse of excessive private lending activities.

, put an end to the tragic deaths of countless civilians caused by large-scale unsecured lending operations, greatly restricted the increasingly rampant usury operations among the private sector, purified the kingdom's financial market, and laid the foundation for the establishment of the National Bank and the standard universal currency.

laid the foundation for its release.

This IOU of five hundred gold crowns is an unsecured loan. With the Creditor's Rights Act, unsecured loans have become the most insecure loan. No private creditor will be willing to sign such a loan IOU. But Sir Fox

Hui did not dare to ask Mr. Molsang to write down the collateral, as he was afraid that Mr. Molsang would be alerted. Besides, he just wanted to have more insurance for his investment, and did not expect that something would happen to the merchant fleet.

To be honest, Sir Fox also hoped that the merchant fleet would return safely and make a fortune for himself. However, due to bad luck and his dream of getting rich was gone, he thought of using this IOU to make up for his loss from Mr. Morsanne.

After suffering a loss, he entrusted the boss of the Black Snake Society, Bedelier Blanche, to collect the account. The idea was to rely on the notoriety of Bill the Butcher to scare Mr. Morsan into obediently surrendering all his family property.

Sir Fox has long been interested in the Field family's four-storey Hogo-style red brick house. As the only National Councilor in White Deer Town, Sir Fox has always believed that it was inappropriate for him to live in a manor outside the town.

Identity. It is easy to buy a piece of land in the town and build a luxurious residence, but the newly built house has no heritage. Only this large red brick house with a long history and the most famous reputation in Bailu Town is the most suitable to become your own mansion.

Sir Fox has always believed that Mr. Morsan's conversion of the large red brick house into an apartment for rent was really ruining the reputation of this Hogo-style building. However, he once entrusted someone to ask Mr. Morsan if he wanted to transfer the red brick building.

The big house was flatly rejected by Mr. Morsant. Now that there was such a good opportunity, Sir Fox had long made up his mind to take possession of this big red brick house and convert it into his own mansion.

I just didn't expect that Mr. Morthorn would be so decisive, seizing the only loophole in the IOU that there was no collateral, and committing suicide to make Sir Fox's plan come to nothing. Sir Fox could fully imagine that Mr. Morthorn's soul must be in

Laughing at him, do you want my house? Yes, but you have to wait another twenty years...

The most painful thing for Sir Fox is that as a creditor, he also has to fulfill his obligation to protect the life of the new debtor, Brovik Jr., until he is a minor. Because the Kingdom’s Creditor’s Rights Act stipulates that if the new debtor is in debt during the debt freeze period,

In the event of an abnormal death, the debt will disappear and will not be borne by the new heir.

This bill and regulations caused great controversy in the National Assembly. The opposition and support of the members were almost half to half. However, because private unsecured lending activities were very rampant at that time, there were several cases of unscrupulous creditors for

There are cases of transferring debts to heirs who are able to repay, and the debtors are killed. There are also endless cases of creditors colluding with evil forces to murder debtors and selling their women to romantic homes.

Finally, with the strong support of Stirling IX, the National Assembly narrowly passed this bill in the third final vote. Since then, almost all debtors with unsecured loans have become uncles.

His catchphrase is "Labour and management will die for you to see..."

The enactment and passage of the Creditor's Rights Act was bad news for all lenders in the Kingdom of Ovelas, especially those creditors who borrowed money without collateral, and each suffered serious losses. But for the Kingdom, this was a great opportunity to stop the unsecured loans.

The trend of mortgage lending has brought financial lending operations back to the right track. Now even loan sharks need mortgages before they can lend money.

Director Kaulf took out four identical loan agreements that had just been copied from his wallet and placed them on the table. Since his mother was in a coma and bedridden due to the grief of her father's suicide, Claude acted as the new debt agent and guarantor.

After stepping forward to sign, he pulled his younger brother Xiao Bu over, put red ink on his right thumb, and then pressed it on the agreement.

Little Booker still didn't understand what Mr. Morsant's suicide in the morning meant to him. He only knew that many people came to the house, and everyone looked very serious. His mother and sister also kept crying, and they were all depressed inside and outside.

Lord was taking care of things, and he was frightened when his brother, who usually liked him the most, became unusually silent. Although he was a little confused, he was eight years old after all, and he knew that something bad had happened at home, so he kept

They all stayed quietly in the corner holding the little snow dog, and he would do whatever Claude asked him to do.

"Ask the creditors to come up and sign," said Mr. Korff.

The boss of the Black Snake Society, Bedelir Bronch, finally had the opportunity to play. He had never seen or experienced such a scene. He had seen many dead people before, but in the slums, no one had ever died.

It's so grand, yes, it's grand. Most people just buy a thin-skinned coffin and take it to the temple cemetery to dig a hole and ask the priest to recite a few prayers. The people who see him off are only about a dozen relatives and friends.

But he didn't expect that the scene after the suicide of the former administrative director Mr. Morsan would be so big. He was a little frightened. The judicial director Mr. Korff personally came forward to arrange the witness execution of the will, determine the heirs and re-determine the debt agreement.

The boss of the Black Snake Society and the current captain of the garrison squadron, Bedelier Blanche, felt very awe and uneasy. He even came up with the idea that if he died in such a scene, his life would not be in vain.

But Bedelier Blanche did not expect that he would be stopped by Director Kauf: "Lieutenant Bedelier, you are not a creditor, you have no right to come up and sign."

"Yes, but I have a letter of attorney written by Sir Fox himself!" Beadel Bronchi quickly took out the letter of attorney from his pocket that the butler on Fox's hunger strike gave him.

Director Caulf shook his head: "I'm sorry, but it involves a huge debt of five hundred gold crowns. You are not Sir Fox's direct relative and have no right to be entrusted as an agent. Please inform Sir Fox that according to the Kingdom's Creditor's Rights Act,

If the creditor party cannot come to sign a new loan agreement in person after the debt is re-determined, it means that he voluntarily gives up the debt."

Bedelier Blanche rushed out of the room, grabbed one of his men, and asked him to rush to Fox Manor and ask Sir Fox to come and sign a new loan agreement. It involved five hundred gold crowns, and he

Don't dare to make decisions on your own.

More than an hour later, Sir Fox finally appeared outside the door. He didn't want to come, but not coming would mean that the debt was gone. Even if the debt was not received until twenty years later, it was better than nothing. This

But it was a huge sum of five hundred gold crowns, so he came in the end.

If in the past wherever Sir Fox appeared, the famous and status people in the town would come up to say hello and pay tribute, but this time when he appeared in Claude's home, no one paid attention to him. Some ignored him silently, and some even looked at him.

Looking at him without saying a word, it was obvious that everyone knew what he had done.


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