Describe the circumstances that led to the bet in "The Bet." What were the terms and conditions of the bet?

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The subject of the bet arose in the context of of a party, during which there was conversation concerning the morality of the death penalty and whether it ought to be replaced by life imprisonment. In these conversations, the banker voices his opinion that execution is the preferable punishment, as life imprisonment will drag on over time, continually sapping the spirits of the condemned. The lawyer disagrees, holding that at least the prisoner will...

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