About the Just Drop off the Key, Lee (Case 1.3)

DISCUSSION QUESTIONS 1. What would you do if you were in Figg's or Koellmann's situation? What factors would you consider? 2. Do people have a moral obligation to repay money that they borrow, as Professor Brenkert thinks, or is this simply a business decision based on self-interest alone, as Professor White thinks? 3. "It is morally permissible for homeowners whose homes are under water to default on their mortgages even if they could continue to pay them." What arguments do you see in favor of this proposition? What arguments do you see against it