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In occasions previous duels were fought on factors of honor. Your word and reputation was considered a important part of your character and to impugn both was to invite a assembly at dawn. Individuals could carry whole business agreements with a handshake, and seal deals with their phrase on your own. When your word and rep is that important, you would to what you can to maintain them spotless, simply because you've proven that you're worthy of believe in, get it?
You and six other people concur to the deal, and a business agreements is drawn up. You will every put in $10,000, except for John, who will substitute his expertise and time for his contribution. The profit will be break up similarly 7 ways. The $60,000 is probably sufficient for the down payment, as well as the costs of closing, getting a study, and carrying costs. If not, you have all agreed to lead $5,000 more if essential.
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