3 ms·
It’s worth noting that courts and legal systems generally don’t work like that either. There are some examples of weird loopholes due to some specific wording o
by baddox 6y ago
It’s worth noting that courts and legal systems generally don’t work like that either. There are some examples of weird loopholes due to some specific wording of a law and things like that, but in general you can’t just get the best of the legal system because you “technically” did such and such. For example, you can’t scam someone by having a contract with extremely small print that they technically signed.
- rsync 6y agoMy favorite example of this was the attempt, by the Hunt Brothers, to "corner" the silver market in 1979/1980: "But on January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed, when COMEX adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets." https://en.wikipedia.org/wiki/Silver_Thursday https://en.wikipedia.org/wiki/Silver_Thursday