RE: Not good to be good all the time
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Whenever it's about money, people changes their colour with time. In case of financial thing no one can be trusted and this incident is just set another example of it. I think you friend needed to consider your suggestion in that time.
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People change!
This whole thing has indeed taught me a lesson, a lesson to be strict and professional when it comes to financial things.
I don't care if you're my friend or not, we're doing things the right way.