A question: The fundamentals of backing

[TheAmp]

1) The legal aspect - I remember from my law school days that when the contract does not state exactly how to resolve a specific situation, the implied intentions of the sides are used to fill up the contract's missing parts . I think the "gambling code" should be used here. Even though this code has never been formally expressed, you can get a good idea about it in this connection from the replies so far.

2) The moral aspect - This is where the shame comes in...