3 ms·
Why, because it’s rational? A visual expression can be produced in court. A verbal promise is binding n some US jurisdictions (e.g. California) but hard to li
by gumby 3y ago
Why, because it’s rational? A visual expression can be produced in court. A verbal promise is binding n some US jurisdictions (e.g. California) but hard to litigate when you can’t subpoena the witness.
Also in a contractual matter (such as marriage), if the “exchange of value” or guarantor is entirely mythical how can such an agreement be binding? It’s not like the injured party can collect from the guarantor.
That’s why some contracts require a payment of a dollar (e.g. patent assignment to your company) so it can be “for value received”. Now if you’re a cryptoweenie I suppose you’d say that the “fiat dollar” is just as mythical…good luck litigating that.