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> As a young adult, my dad warned me that people are basically honorable up to about $10K.

No way. $10k is the lower boundary to litigation being worth anybody's time. If somebody is going to defraud you, it's going to be for an amount less than $10k.

Amounts of money higher than that may entice people into doing things they otherwise wouldn't, sure, but there I'd submit that they were never honorable in the first place if they can be bought for the right price.



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