A tenant farmer farms land and also resides on a land owned by a landlord

A tenant farmer farms land and also resides on a land owned by a landlord

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A tenant farmer farms land and also resides on a land owned by a landlord. This farmer also has to sign a chattel mortgage stating to pay back all the money owed by a certain time. If he does not, he must give up certain valuable items that will be sold to pay off the debt to his landlord. A particular farmer by the name of Jessa Butler owes Charles Miller, his landlord, $88.20. Mr. Butler has lost a lack of credibility due to not paying on time. I believe he should not have been given the opportunity to continue farming. Mr. Butler signed a chattel mortgage on March 3, 1883 stating to pay by October 15, 1883. On this document he also stated that if the debt was not paid on time he was putting his eight-year-old blind horse, his entire crop of corn,
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Unformatted text preview: wheat, oats, tobacco shack, and straw on the line. Mr. Butler has lost all this property because he had seven months and twelve days to pay back his debt but he wasnt able to make the deadline. After eleven months and 23 days on February 26, 1884 Mr. Butler was able to pay $30.41. His remaining balance was $64.71 due to a $6.92 interest charge. Mr. Butler spent six years and eight months without paying and so he was charged $34.51 for interest and a $7.00 witness fee. He was also given a $0.18 credit for paying a different debt. By October 26, 1890 Mr. Butlers new owed amount was $106.04....
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This note was uploaded on 11/29/2010 for the course SCIENCE 1028 taught by Professor Blume during the Spring '10 term at Florida State College.

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