3 ms·

Dont know of any traditional contract that can accidentally make money vanish. Also you can go to a centralised authority e.g. bank or court to do something abo

• noduerme 5y ago
  The nearest scenario in dumb contracts would probably be wiring funds to the wrong foreign bank account. But there are usually a lot of intentionally placed checks before you do something that stupid. And even if you did, at least there's someone you can call. That seems a bit smarter, really.
• tetha 5y ago
  And that is even an argument on top I didn't even mean. > You can even retrospectively apply reasonable person type arguments no? Yeah. A significant part of a traditional contract revolves around defining the entities and behaviors you're actually talking about, and another part is about specifying requirements and boundaries for these entities and behaviors. However, it is entirely possible that during a conflict, the parties of the contract disagree about the meanings of the words on paper. In such a case, you'd bring in a judge by bringing this to court, and a judge has the right to interpret the words and act in the spirit of the contract clauses, not just the words, and to deliberate about the feasibility of clauses. And that's a good thing, because this is a strong defense against scam and fraud. Like, if something really strongly looks like a contract to buy a car, but technically doesn't say you buy the car, but also doesn't say you don't buy the car. If you get sued for not paying rent or stealing the car in such a case, you could argue you thought you owned it. That's another, huge, topic.