You might think that offering customers the choice to pay whatever they want for something would be a sure way to the poorhouse. But one North Dakota coffee shop is not only making its honor system work, but it’s making money. [More]
honor system
Lender Makes Borrowers Pledge Their Souls
By 7.8.09
Mirosiichenko said his company would not employ debt collectors to get its money back if people refused to repay, and promised no physical violence. Signatories only have to give their first name and do not show any documents. “If they don’t give it back, what can you do? They won’t have a soul, that’s all.”
