An IOU of course is only as good as the financial condition of the person who presents it. That's why I think they know who the person or company is that has offered that money.
This question was posed to the Twitty's tonight. Beth's response was some of their friends.
"An IOU of course is only as good as the financial condition of the person who presents it. That's why I think they know who the person or company is that has offered that money."
Right you are, Dolphy.
I wanted to mention this point also, but thought there was no need as it was undertsood that whoever made the promise must have been trusted by the Holloways, authorities and all interested parties. It's a serious promise for a serious issue. This in no way is similar to, say, an account receivable created in every day commerce. This is a very serious legal obligation to pay.
Thanks for bringing this point up.