Lesson #060 - Contracts Are The Key To Coexistence - Part 6
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PERFORMANCE
Performance is a legal term which indicates the degree to which a contract was executed. The question we need to answer, is what happens if there is an impediment to complete the entire contract? There are several possible cases.
Uncertainty or Incompleteness
What happens if some contractual terms are uncertain or incomplete? According to current legal standard, there is no contract. This idiotic idea comes from a flawed logic…
Lesson #059 - Contracts Are The Key To Coexistence - Part 5
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INVALID CONTRACTS – CONTINUED
Duress
This concept tries to square the circle. The main idea is that if a person signs a contract under some sort of pressure (physical or economic) then the contract may be invalidated by a judge. This is so because this person has signed “against his/her will”… whatever that may be.
The problem with this concept is that the act of agreeing or signing a contract requires…
Lesson #058 - Contracts Are The Key To Coexistence - Part 4
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INVALID CONTRACTS
In this section, we will address the issue of valid contracts versus invalid contracts. Today, in the legal, judiciary system, there are ways to invalidate contracts. There are all manners of rationales and excuses allowing judges to throw contracts away or to decree that certain conditions can be ignored. Judges, not contracting people. Strange, isn’t it? That contracting people have no saying in it. But we digress…
The…
Lesson #057 - Contracts Are The Key To Coexistence - Part 3
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FORMATION
In addition to the stated elements, current legal systems demand that contracts have other properties. The intention of these properties is to mold contracts to the letter of the law, whether they make sense or not. Let us emphasize this again. Other properties are there not to improve the contracts, but to improve the job of judges should contracts are disputed in court. These properties are nothing more than the…
Lesson #056 - Contracts Are The Key To Coexistence - Part 2
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ELEMENTS OF A CONTRACT
In this section, we are going to dissect the different parts of a contract under the light of current judicial thinking and the light of an Absolute Austro-Libertarian system.
Voluntary
This term seems pretty much explanatory, but it is not. As we are Absolute Austro-Libertarians, for us the term voluntary is absolute and this requires an explanation.
Knowing that our right to our body is absolute,…
Lesson #055 - Contracts Are The Key To Coexistance - Part 1
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As you know, Absolute Austro-Libertarianism is based on the concept of voluntary agreements. This is a key concept, a cornerstone concept. Without it, coexistence among people cannot be achieved. The Master Contract is very specific in this subject. It is only fair then, that we study how these voluntary agreements or contracts are achieved, because contracts are the key to coexistence.
Why do we insist in voluntary agreements? Because they lead…
Lesson #054 - The High Costs Of Government Benefits
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A valid…
Lesson #053 - Alpha and Omega
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Everything begins and everything ends. Everything is born and everything dies. The Greeks knew this. They used their alphabet to emphasize this fact when their referred to the first (Alpha) and last (Omega) letters in their alphabet. However, in the case of fiat money, does it have to be this ugly? Today we are going to take a quick look at the Alpha and Omega of funny money or “legal…
Lesson #052 - Communists Can’t Count
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It may sound strange, but it is true. In the final analysis, this fact is what brought communism down. It wasn’t Ronald Regan’s master plan to force the USSR to spend itself into oblivion. It wasn’t pope’s John Paul II’s support of Polish union Solidarity. It wasn’t communist repressive regime or incompetent economic management. It was something much more basic and critical to communist theory: communists can’t count.
What do…
