>the Superior Court cancelled that mortgage in a 2017 decision, which was appealed by Michel Primeau, who beat Hooper in the game of rock paper scissors — and won the $517,000 wager.
Seems like the court itself decided to cancel the mortgage and the winner was the one who decided to appeal it in court.
Why is no one talking about the true jerk in this situation? The guy legally forcing the other to mortgage his house in order to give him $500k — because of rock, paper, scissors...
Well, we do not know what would happen if the situation were opposite. They both entered into the agreement, presumably seriously. It seems like just playing the game qualifies both sides as jerks.
If he's a true jerk, he'll report the now cancelled debt to his country's equivalent of the IRS. If you owe money and some or all of that is cancelled, in many countries the amount cancelled might count as income to you for tax purposes.
I'd expect that in this case it would not be income, because it sounds like the court determined that the debt was not valid in the first place and so it is more of a "there was never a debt in the first place" than a "cancelled debt" situation, but being investigated to determine that would likely be annoying.
grawprog|5 years ago
>the Superior Court cancelled that mortgage in a 2017 decision, which was appealed by Michel Primeau, who beat Hooper in the game of rock paper scissors — and won the $517,000 wager.
Seems like the court itself decided to cancel the mortgage and the winner was the one who decided to appeal it in court.
ellyagg|5 years ago
liamcardenas|5 years ago
TuringNYC|5 years ago
tzs|5 years ago
I'd expect that in this case it would not be income, because it sounds like the court determined that the debt was not valid in the first place and so it is more of a "there was never a debt in the first place" than a "cancelled debt" situation, but being investigated to determine that would likely be annoying.
valuearb|5 years ago
meddlepal|5 years ago
unknown|5 years ago
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