First, your scenario can't avoid a technical default, since he already *has* technically defaulted.
Agreed. Pirate actually defaulted on Monday.But in the terms of his bet with Vandroiy he has two weeks grace. And in the terms of Matthew's bet he has three weeks grace.
I can't wait to see how the "terms" of those bets will morph.
Vandroiy's bet terms have been published. They cannot be altered.
but what we need is a hedge for his bet! will do you do or should i do this?
