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Court Orders Taiwanese Dentist to Pay Mother $1 Million for Raising Him
Asia One ^ | 1/3

Posted on 01/03/2018 12:41:33 PM PST by nickcarraway

Taiwan's top court has ordered a dentist to pay his mother around Tw$22.33 million (S$1 million) as reimbursement for the money she spent raising and educating him.

The supreme court Tuesday upheld a previous ruling that the 41-year-old, identified by his family name Chu, should honour a contract he signed with his mother 20 years ago promising to refund her.

The plaintiff, surnamed Lo, divorced her husband in 1990 and raised their two sons on her own. Worried that nobody would look after her when she got old, Lo signed the contracts with her sons after they both turned 20, stipulating that they must pay her 60 per cent of the net profit from their incomes.

(Excerpt) Read more at asiaone.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: children; mother; taiwan
I wonder if that will come to the United States.
1 posted on 01/03/2018 12:41:33 PM PST by nickcarraway
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To: nickcarraway

Contract Law is already here.


2 posted on 01/03/2018 12:43:12 PM PST by Wolfie
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To: nickcarraway

Did you notice this little detail?

“to honour a contract he signed with his mother 20 years ago promising to refund her.”


3 posted on 01/03/2018 12:43:27 PM PST by G Larry (There is no great virtue in bargaining with the Devil)
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To: Wolfie

Actually, it’s diminishing here.


4 posted on 01/03/2018 12:43:44 PM PST by nickcarraway
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To: nickcarraway

60% of his net profits, though? Geez. Mom’s kind of a piranha.


5 posted on 01/03/2018 12:47:12 PM PST by A_perfect_lady (Play dhimmi games, win dhimmi prizes, nÂ’est-ce pas? -tomkat)
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To: nickcarraway

I noticed she waited until they were 20...................


6 posted on 01/03/2018 12:47:37 PM PST by Red Badger (Road Rage lasts 5 minutes. Road Rash lasts 5 months!.....................)
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To: nickcarraway

“Sorry, mom. I haven’t made a profit yet. Distribution costs and all that.”


7 posted on 01/03/2018 12:49:03 PM PST by Larry Lucido (Take Covfefe Ree Zig!)
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To: nickcarraway

Ooh, I’m calling my sons right now! ;-)


8 posted on 01/03/2018 12:49:55 PM PST by Pining_4_TX (For they sow the wind, and they shall reap the whirlwind. ~ Hosea 8:7)
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To: A_perfect_lady

Who would want to take that much from their kid?


9 posted on 01/03/2018 12:50:11 PM PST by nickcarraway
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To: A_perfect_lady

Sounds like a contract of adhesion.

A good lawyer and accountant can take care of that.

“Let’ see. Deducting for wife, kids, mistress, condo, ski vacations, cruises...seems I’m in the red. Looks like you owe me $100,000.00, ma!”


10 posted on 01/03/2018 12:54:44 PM PST by Larry Lucido (Take Covfefe Ree Zig!)
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To: Larry Lucido

Dude needs a Hollywood accountant stat!


11 posted on 01/03/2018 1:01:01 PM PST by jalisco555 ("In a Time of Universal Deceit Telling the Truth Is a Revolutionary Act" - George Orwell)
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To: A_perfect_lady

Yea, a little on the greedy side. She probably assumed they would not become financially successful.

Great strategy, though. I wish I had thought of this a few years back. I might be able to retire....


12 posted on 01/03/2018 1:02:39 PM PST by NEMDF
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To: nickcarraway

I don’t like deceptive headlines.
Headline should read “Wealthy dentist tries to weasel out of contract with his own mother!”


13 posted on 01/03/2018 2:07:02 PM PST by Cruising Speed
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To: G Larry

Show me the receipts.

I find it hard to believe she spent 1 million dollars raising him in Taiwan.


14 posted on 01/03/2018 2:26:21 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: nickcarraway

But, but, people who have kids are not selfish...

/SARC


15 posted on 01/03/2018 2:28:18 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: jalisco555

Indeed!


16 posted on 01/03/2018 2:53:16 PM PST by Larry Lucido (Take Covfefe Ree Zig!)
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To: Secret Agent Man

Raising and Dental School....Cost....PLUS INTEREST!!

It was enough for the Judge.


17 posted on 01/03/2018 7:08:15 PM PST by G Larry (There is no great virtue in bargaining with the Devil)
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To: G Larry

kids dont cost 50 grand a year for 20 years in the usa.


18 posted on 01/03/2018 8:06:23 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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